Bookstore chains like Borders and Barnes & Noble were among the first retailers to feel the sting of Amazon, with its vast variety of titles and speedy delivery times, not to mention its huge share of the ebook market. However, the online goliath doesn’t appear to be having the same diminishing effect on the number of independent bookstores. [More]
Who among us hasn’t spent time browsing the wares at a store while knowing full well that we have no intention of spending a penny? The owner of one shop got fed up with freeloading looky-loos and has decided to start demanding money just for the pleasure of browsing. [More]
Amazon pickup points on college campuses, which have been sprouting up at schools across the country, have two purposes: they exist to alleviate the strain that college students with Prime memberships put on campus mail services, and to help kill college bookstores. Bookstores are responding: not with price-matching or anything wacky like that, but by dropping books from their merchandise assortment. [More]
Leonard Riggio, the founder of Barnes & Noble, was supposed to retire by now. Instead, he is serving as interim CEO after the company fired imported Canadian CEO Ronald Boire. He started the bookstore that grew into the Barnes & Noble chain more than 50 years ago, and he shared some important wisdom during the company’s earnings call today: things are really terrible in retail right now. [More]
Barnes & Noble is ditching its CEO of about a year, Ronald Boire, saying in a statement today that he “was not a good fit for the organization” and that the company would begin their search for a new CEO immediately. [More]
Last fall, Amazon took its business model offline into the real world with a bricks-and-mortar bookstore that opened in its hometown of Seattle. The e-commerce giant is continuing its foray into the physical with its second book store, announcing that it’s preparing to open up shop as a book peddle in San Diego this summer. [More]
Amazon has spent the last year expanding its challenge to the existence of college bookstores, opening pickup locations on campuses scattered across the country. There, students can pick up things that they ordered on Amazon, and… that’s about it. A new pickup point at the University of Pennsylvania will also offer study and collaboration space for student use, and will provide same-day or next-day pickup for members of Amazon Student or Amazon Prime. [More]
In the last year, there have been rumors that Amazon planned to open a gadget store and package pickup center in Manhattan near the Empire State Building, and that they planned to buy the leases of some RadioShack stores when that retailer declared bankruptcy. Neither of these happened. This morning, Amazon is opening an entirely different sort of real-life store. They’re selling books. [More]
Barnes & Noble consists of three businesses: college bookstores, regular bookstores, and the Nook e-reader device and platform. In today’s earnings call, new CEO Michael Huseby reported that the company is again turning a profit, and that they’re “studying” separating the different parts of the business. [Reuters]
A common refrain among people in the book business — especially those in the independent bookselling market — is that Amazon is “out to kill small bookstores.” Depending on how one looks at it, the latest scheme from the online retail giant either bolsters or calls BS on that statement. [More]
Remember how Barnes & Noble founder, chairman and stake holder Leonard Riggio was going to swoop in on wings made of cash and buy back the struggling chain, saving it from the doom met by Borders? That shining hope has fizzled, it appaars, as Riggio has taken back his offer to swoop, buyout and generally act as savior in general. [More]
Bring on the chocolate wallpaper, chocolate fans and delicious chocolate fountains: A new study says shoppers are in a more personable, interested mood when the scent of chocolate is in the air at a bookstore. Researchers say there’s something about the smell of chocolate that entices them to look at the merchandise more and perhaps read what it’s about, and also talk to the employees in the store after a nice, leisurely browsing session. [More]
Whatever benefits an e-book might have over its print counterpart, and no matter how close digital media gets to ink-on-paper, there is one thing that downloaded copy of Moby Dick can’t offer to some readers: The collectable factor. [More]
Mike Edwards, the CEO of the liquidating Borders bookstores emailed a farewell note to all Borders Rewards Members last night. In it, he looked back at the over 40 years of bookselling and imagination-stoking the chain has done and explained why they were closing down. Beyond the sentiments, he also explained some important things you’ll want to know if you want to buy some books from them before they close their doors for good.
Literature lovers who are used to hitting up book readings and signings as free entertainment may be in for a wallet shock. Some independent bookstores, which are trying to scrounge up revenue in the tough economy, have taken to charging for the events.