Book Prices and the Minimum Wage

May 30, 2018

Only a wealthy man could lament, as Len Riggio did yesterday that “the average paperback costs two and a half times the minimum wage. When I started,” he said “it was one half the minimum wage.” Speaking at the opening of Book Expo in New York Riggio said that the high prices of books is impeding a new generation of readers. (more…)

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Barnes & Noble Throws Self-Publishers a Bone

July 6, 2016

Stop all the clocks, cut off the telephone,
Prevent the dog from barking with a juicy bone
— W. H. Auden, Funeral Blues, 1936

The big news about Barnes & Noble is that after twenty years of battling with Amazon they have finally made a competitive move that Amazon cannot match. Barnes & Noble, with 640 bookstores in 50 states, is giving self-published authors a chance to get access to their hallowed bookshelves. Meanwhile, Amazon runs one bookstore in Seattle (albeit with 3 more slated). Barnes & Noble wins this contest hands down. (more…)

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Barnes & Noble’s Len Riggio Announces His Retirement

April 27, 2016

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© Barnes & Noble

Leonard Riggio, chairman of Barnes & Noble, is 75-years-old: no one can accuse him of leaving his job early. Barnes & Noble is today at a crossroads, its digital business a shambles. But no one can accuse him of giving it less than 100%, and not just once. (more…)

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Barnes & Noble’s Declining Book Sales

June 29, 2015

Barnes & Noble released its fiscal year 2015 earnings report last Thursday. (more…)

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Barnes & Noble Divides $300 Million in Half

December 8, 2014

The December 4th announcement of Microsoft’s retreat from Barnes & Noble is well documented. Barnes & Noble demonstrated how to turn $300 million into $125 million (OK, less than half). The company’s shares had a brief dip but then recovered.

(more…)

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