Looking Past The Obvious To See Why History Will Rhyme: Barnes & Noble Edition
Laughing Water Capital • 15 Comments
Laughing Water Capital • 15 Comments
Dec. 13, 2013, 10:19 AM
- Nobody knows toys like Lego which means anxiety emanating from the Denmark-based company might be cause for concern amongst retailers.
- Though consumers have stepped up spending on automobiles, housing, and electronics - the early reads on holiday spending have been poor.
- Lego CFO John Goodwin says this year is the "greatest stress test" the company has seen as it banks on the theory that consumers will shop late and shop often this holiday season.
- He adds it's difficult to ascertain why consumers are holding off so much this year.
- Retailers carving out a decent amount of space for Lego include Kmart (SHLD), Target (TGT), Wal-Mart (WMT), and Barnes & Noble (BKS).
Dec. 12, 2013, 3:22 PM
- The unexplainable toy juggernaut that is known as Elf on the Shelf is showing massive sales gains again at retail outlets as the little red-adorned feller becomes even more entrenched as a holiday season tradition for households with children.
- A self-financed book by a mother and daughter team in 2005 has evolved to a retail winner with more products and tie-ins being developed. One online British retailer reports sales gain of 900% for Elf on the Shelf products this year.
- Target (TGT), Pottery Barn (WSM), and Barnes & Noble (BKS) get a piece of that action as preferred retailers with expanded kiosks.
Dec. 10, 2013, 5:42 PM
Dec. 9, 2013, 9:53 AM
- Shares of Barnes & Noble (BKS +6.7%) take off as a couple of analysts back the company to come out the other side of a SEC probe over accounting in decent shape.
- The somewhat twisted logic is that the company's retail bookstore business may be in even better shape than realized if it's been bearing more Nook-related costs than it should have been.
Dec. 6, 2013, 11:45 AM
- Shares of Barnes & Noble (BKS -5.2%) are under selling pressure after the company discloses it is the subject of a SEC probe on its accounting practices.
- The company was notified on October 13 that the SEC would investigate the restatement of earnings announced on July 29, 2013. A different matter related to allegations of an ex-employee on how IT expenses are reported for Nook and the retail segment will also be looked into.
- SEC Form 10-K
Dec. 3, 2013, 3:34 PM
- Wal-Mart (WMT +0.1%) says it had its best five-day stretch ever for online sales as its website processed over a billion page views during the period.
- The retailing giant will keep up an aggressive promotional stance this week following Cyber Monday with over 200 online specials every day for consumers.
- It's a move that bites into the margins for pressured retailers such as Barnes & Noble (BKS -0.2%), Sears Holdings (SHLD -6.7%), and hhGregg (HGG +1.1%) which depend on key categories that Wal-Mart is increasingly disrupting.
Nov. 26, 2013, 11:15 AM
- E-commerce sales this holiday season will rise 14% to 17% this year to top the marks of the last three years, forecasts Jefferies. Cyber Monday sales are tapped to see +20% Y/Y sales growth.
- The ongoing channel shift away from brick-and-mortar becomes even more pronounced when auto, restaurants, and gas are backed out of retail sales tallies. Apparel sellers are forecast to be the hardest hit, although on-trend names such as Under Armour (UA), Macy's (M), Gap (GPS), and Lululemon (LULU) should outperform.
- The strong Cyber Monday rush could hurt foot-traffic reliant chains such as TJX Companies (TJX), J.C. Penney (JCP), Barnes & Noble (BKS), Ultra Salon (ULTA), and DSW (DSW) - according to some trends dug up by Placed.com.
- The positive read on e-commerce sales bodes well for Amazon (AMZN), Retailmenot (SALE), eBay (EBAY), Overstock. com (OSTK), and Blue Nile (NILE) - although high expectations are already likely factored into share price.
- Related ETFs: XLY, VCR, IYC, SCC, FXD, UCC, RCD, FDIS, PSCD, PEZ.
Nov. 26, 2013, 10:10 AM
- It was race by Barnes & Noble (BKS -1.2%) to cut costs as fast as sales dropped off during Q3.
- Though the company managed to improve its gross margin rates as the costs of sales and SG&A expenses fell sharply, investors are latching onto the sales trend more than the profitability swing.
- The drop in Nook revenue (digital and device) wasn't a shocker, but a comp sales falloff of 4.9% at B&N bookstores was a bit wider than analysts forecast.
Nov. 26, 2013, 9:08 AM
- Barnes & Noble (BKS) shows another quarter of deteriorating revenue trends across segments.
- FQ2 segment revenue: Retail -7.5% Y/Y to $921M; College -4.6% to $737.5M; Nook -32.2% to $108.7M.
- Perhaps the most alarming nugget from the quarter: Digital content sales fell 21.2% Y/Y vs. -16% last quarter.
- The company did manage to back its previous guidance. (PR)
- BKS -3.3% premarket.
Nov. 26, 2013, 8:36 AM
- Barnes & Noble (BKS): FQ2 EPS of $0.15.
- Revenue of $1.73B (-8% Y/Y) misses by $0.04B. (PR)
Nov. 26, 2013, 12:05 AM
Nov. 25, 2013, 5:30 PM
Nov. 14, 2013, 10:22 AM
- Barnes & Noble (BKS -2.2%) needed a home run with its new GlowLight e-reader, but it might only be heading for a solid single.
- The general consensus is that the product, which is offered at the same price as the Kindle Paperwhite, won't do enough to rejuvenate B&N hardware business. At last count, the company only held 5.1% of the e-reader market share.
- Reviews: Laptop Magazine, Gizmodo.
Nov. 11, 2013, 8:38 AM
- Barnes & Noble (BKS) creates its own retail event with the launch of "Discovery Friday" a full week before Black Friday.
- The company's marketing campaign around the event will focus on the launch of the Nook GlowLight and the ongoing emergence of the book chain as a "neighborhood institution."
- Nook boutiques inside of B&N stores are being beefed up this year for the holiday rush.
Oct. 30, 2013, 7:08 AM
- Barnes & Noble (BKS) unveils its new flagship e-book reader priced at $119.
- The Nook Glowlight weights only 6.2 ounces and features a similar display and lighting as the Amazon Kindle Paperwhite.
- Reviews: The Verge calls the device lighter, faster, and full of ideas - while CNET says it gives the Paperwhite a run for its money.
Oct. 21, 2013, 12:43 PM
Barnes & Noble, Inc. provides easy and convenient access to books, magazines, newspapers and other content across its multi-channel distribution platform. The company operates through three operating segments: B&N Retail, B&N College and NOOK. The B&N Retail segment includes the eCommerce... More
Industry: Specialty Retail, Other
Country: United States
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