Hedge fund manger Bill Ackman says he will finance a takeover bid for rival bookseller Barnes & Noble at $16 a share — a 20.5% premium over Friday’s closing price. Faced with increased competition, B&N has seen sales plunge in…
The bookseller had a “disappointing” quarter with comparable store sales down nearly 6%, but a deal with competitor Barnes & Noble to sell the Nook e-reader could help end the year on a more positive note.
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Back in September, billionaire Ron Burkle lost his proxy war with Barnes & Noble’s board, failing to kill the poison pill that kept him from upping his stake in the company. That made Wednesday’s shareholders meeting all but a …
Sales of e-books on Apple’s iBookstore have made “barely a blip” in the digital book market. Will its new iBooks gift cards help to change this — or will customers continue to use apps to allow them to read Amazon and Barnes …
Barnes & Noble is hoping to boost holiday sales by testing new toy sections, following the “store-within-a-store” model, in five of its locations.
Continue reading Barnes & Noble Rolls Out Toy Stores Within…