Barnes & Noble IncNYSE
Looking Past The Obvious To See Why History Will Rhyme: Barnes & Noble Edition
Laughing Water Capital • 15 Comments
Laughing Water Capital • 15 Comments
Sat, Aug. 27, 11:34 AM
- Many retailers are tightening up this year by reducing their store count or converting more locations to e-commerce fulfillment centers. Analysts note that although the strategy will lower revenue, over time the group should see improved bottom lines as underperforming stores are cut back and online efficiency improves. Amid the skittish trading with chain store stocks there could be some value deals.
- Store chains that currently trade with a PE ratio below 15 and offer a dividend yield of at least 2% include: TLRD, BKE, SMRT, GPS, AEO, CHS, CATO, TGT, KSS, M, HVT, WSM, PIR, BKS, OUTR, ODP, SPLS.
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF.
Tue, Aug. 23, 10:52 AM
- Bookstore sales are up 6.1% through the first six months of the year, according to data from the U.S. Census Bureau.
- Sales at bookstores broke higher last year with a 1.9% gain after six straight years of declines. Adding more categories outside of books at some chains likely helped to push up the revenue tally.
- A subtle shift by consumers away from e-readers to now cool again printed books is also partially behind the resurgence.
- The impact of the development on Barnes & Noble (BKS -0.1%) will be revealed when the company reports earnings on September.
Wed, Aug. 17, 12:45 PM
Wed, Aug. 17, 9:10 AM
- Shares of Barnes & Noble (NYSE:BKS) are on watch after the company shocked with the announcement of the exit of CEO Ronald Boire.
- Gabelli analyst John Tinker says the recent B&N investor conference offered no clue that a change at the top was on the way.
- He notes the challenge of increasing traffic amid the Amazon dominance remains the same for the retail chain no matter who is at the top.
- Gabelli downgraded Barnes & Noble to Hold from Buy following the CEO development.
- Previously: Barnes & Noble ousts CEO Boire, 'not a good fit' (Aug. 16)
Tue, Aug. 16, 4:48 PM
- Barnes & Noble (BKS -1%) has fired CEO Ronald Boire, and Executive Chairman Len Riggio is postponing his retirement in response.
- The company said in a statement that the board "determined that Mr. Boire was not a good fit for the organization and that it was in the best interests of all parties for him to leave the company."
- Riggio was set to retire after the company's annual meeting Sept. 14, but will put that off and help the management team pick up Boire's duties.
- The company says it's immediately beginning a search for a new chief executive.
- Shares are flat in after-hours trading.
Thu, Aug. 11, 9:59 AM
- The retail sector is racking up sizable gains after Macy's set the table with a major store closing announcement (15% of full-line stores).
- Earnings beats at Macy's and Kohl's, along with a surprise upgrade on American Eagle Outfitters (AEO +4.6%) are also helping to boost sentiment.
- Notable gainers include Guess (GES +4.3%), Dillard's (DDS +5.8%), Ascena Retail Group (ASNA +4.6%), Stage Stores (SSI +7.7%), Sears Holdings (SHLD +4.6%), Gap (GPS +3.5%), Abercombie & Fitch (ANF +3.2%), Barnes & Noble (BKS +3.2%), Urban Outfitters (URBN +1.3%), Francesca's (FRAN +2.5%), DSW (DSW +3.5%), Pier 1 Imports (PIR +4%), and Finish Line (FINL +2.4%).
- The S&P 500 Retail ETF (NYSEARCA:XRT) is up 2.1% on the day off the chain store buzz.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF
Thu, Jul. 14, 8:34 AM
- Barnes & Noble (NYSE:BKS) announces it has entered into an exclusive print partnership with Adaptive Studios.
- Adaptive is a content creator and publisher that acquires intellectual property such as unproduced screenplay ideas and scripts, and repurposes it across a range of traditional and digital entertainment platforms including books, film and TV properties, and digital series.
- Through this exclusive partnership, B&N is the only retailer to offer a leading selection of titles online and in stores from from Adaptive Books.
- “We believe that Adaptive Studios offers one of the most innovative and exciting publishing programs we have come across,” said Mary Amicucci, Chief Merchandising Officer, Barnes & Noble.
- Barnes & Noble is offering two exclusive Adaptive Books teen titles starting this month, Air by Ryan Gattis and The Silence of Six (paperback) by E.C. Myers.
- Source: Press Release
Tue, Jul. 12, 9:03 AM
- Barnes & Noble (NYSE:BKS) is showing its pop-up flair with a promotion tied to the Pokémon phenomenon just days after it launched.
- The company is printing a special bonus code on customer receipts of the purchase of Pokémon trading card products that will unlock two "rare" online Pokémon.
- Other retailers are also trying to attract Pokémon game players by using "lures" in the game to entice traffic or by gaming the system by creating user-submitted PokeStops and Pokémon Gyms. For a very low cost (see Pokemon math explained here), restaurants or other stores can purchase the Pokemon GO Lure Module which in the early stage of the game's roll-out has proven to increase traffic.
- The clock is ticking on McDonald's (NYSE:MCD) (which has done Pokémon promotions in the past) and the other large chains to jump into the game before the initial frenzy of action on the streets wears off..
- Add it all up and it's nothing but good news for Nintendo (OTCPK:NTDOY) in the short term. Nintendo ADRs are up 56% since the launch.
- Related ETF: BITE.
Tue, Jul. 5, 10:50 AM
- Amazon (AMZN -0.4%) will open a bookstore in Manhattan, according to a report from New York Post.
- Sources say that Amazon Books will open in the large Hudson Yards retail space in late 2018 or early 2019.
- So far, Amazon only has a physical bookstore open in Seattle and a second space planned in San Diego, although transcript watchers will remember the dramatic statement by General Growth Properties CEO Sandeep Mathrani about the "hundreds" of Amazon bookstores on the way (Q4 earnings call transcript).
- Barnes & Noble (BKS -1%) has a significant New York presence and will watch the Amazon B&M developments closely.
Thu, Jun. 23, 3:18 PM
- Barnes & Noble (BKS +8.1%) pushes more than 8% higher despite posting a large FQ4 loss, as it also offered a positive outlook for FY 2017.
- BKS says it forecasts FY 2017 comparable bookstore sales to range from roughly flat to a ~1% increase, more than some analysts had expected, after declining 0.8% for the quarter and coming in flat for the full year; also, BKS sees full-year EBITDA at a slightly better than expected $200M-$250M.
- BKS also plans to open four new concept stores later this year, with the first opening this October in Eastchester, N.Y., and names COO Jaime Carey as new president of the development and restaurant group; during today's earnings conference call, BKS said the concept stores will feature cafes offering wine and beer in spaces that will be double the size of its typical cafes.
- However, Gabelli analyst John Tinker considers FQ4 a disappointment, with the results making it even more important that the new concept stores perform well.
Wed, Jun. 22, 5:36 PM
Wed, Jun. 22, 4:35 PM
- Barnes & Noble (NYSE:BKS): FQ4 EPS of -$0.24 in-line.
- Revenue of $876.68M (-3.7% Y/Y) misses by $12.51M.
Tue, Jun. 21, 5:35 PM
Wed, Jun. 8, 4:01 PM
- Barnes & Noble (NYSE:BKS) declares $0.15/share quarterly dividend, in line with previous.
- Forward yield 5.11%
- Payable July 29; for shareholders of record July 8; ex-div July 6.
Mon, May 16, 10:15 AM
- The bouncy trading on Barnes & Noble (NYSE:BKS) continues today with shares firing off a 4.2% gain right at the open. Market watchers are pointing to some elevated call buying today on the retailer.
- Last week, shares of B&N were under pressure amid a large sell-off in chain store stocks.
- Now read Apparel, Books, And Cars Are The ABCs Of Consumer Cyclical Dogs In May
Wed, Apr. 27, 9:04 AM
- Barnes & Noble (NYSE:BKS) confirms that Chairman Leonard Riggio plans to retire as the Chairman of the company.
- Riggio's retirement will become effective after the next annual shareholder meeting.
- The company says Paul Guenther will step in as a non-executive Chairman to succeed the B&N founder.