Meadowdale H.S. graduation 2012
Middletown H.S. graduation 2012
Dunbar H.S. graduation 2012
Book Nook provides readers with insights into the world of books. Vick Mickunas takes you into the center of the publishing world with the latest book buzz, book reviews, and exclusive chats with authors..Home > Blogs > Book Nook > Archives > 2012 > January > 06
Friday, January 6, 2012
Barnes & Noble concerns?
Last year the Border’s Books chain folded. The remaining big book chain, Barnes & Noble, has weathered the book publishing storm. So far.
B&N has done well with their Nook eBook reader. They have invested heavily in the device and they are selling well but are they making a profit from it yet? The numbers say that there are some signs of possible troubles these days at the chain. Yesterday, B&N stock took a big hit, falling 17 percent to $11.24 a share. Investors are scrutinizing B&N after they announced that they are looking to sell off their Nook eBook reader to another company. That’s possibly a troubling sign.
I just spoke to a friend who spends a lot of time in bookstores in a major metropolitan region. Yesterday he was in a number of B&N stores and he noticed something that bothered him. He said that the areas that are usually reserved for hot new titles at the fronts of the stores were instead jammed with heavily discounted and remaindered books. The new books were in the backs of the stores languishing on tables. What does that mean? You can interpret it in many ways. If I was a publisher and I observed that the new titles were not in prime spots where buyers could see them well I would be concerned. And so it goes…
Stay tuned…
Vick Mickunas
p.s. Follow me on Twitter: @BookNookVick
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