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Good News

Last week, BN got two pieces of amazing news:

1. "BN announced a partnership with Samsung, and the arrival of the Samsung Galaxy Tablet 4 Nook - a device that far surpasses anything that Amazon has to offer.  The Nook has always been a better product than Kindle, but like the Tucker automobile, even a superior product can get overlooked if it's competitor has deeper pockets."

2. "David Abrams - a self-made billionaire and hedge fund manager - purchased a sizable quantity of Barnes & Noble shares, a clear sign of faith in the company.  I'm not a financial expert, but I can recognize that an investment like Abrams' is proof that bookstores are still viable...and that B&N is positioned for longevity."

I see that no one has mentioned that.  Sorry to disrupt the barrage of negative comments, but has anyone noticed the POSITIVE strides BN has made?

Just curious.

Discuss.

Comments

( 95 comments — Leave a comment )
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(Anonymous)
Jun. 14th, 2014 02:44 am (UTC)
As a bookseller how do you get excited about a electronic device that will ultimately put you out of a job? I'm not even saying its not good for the company and corporate but for the average bookseller it will contribute to our doom.
(Anonymous)
Jun. 14th, 2014 02:52 am (UTC)
AMEN! AMEN!!
(no subject) - (Anonymous) - Jun. 14th, 2014 02:54 am (UTC) - Expand
(no subject) - smithback - Jun. 15th, 2014 05:33 am (UTC) - Expand
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(Anonymous)
Jun. 14th, 2014 02:47 am (UTC)
Has anyone noticed that Smithback used it's when he should have used its? Furthermore he has an unnecessary comma in the first sentence of #1? Just curious.
(Anonymous)
Jun. 14th, 2014 02:51 am (UTC)
I'm going to borrow that unnecessary comma and stick it behind "Furthermore" in my reply. I guess I was just so shocked that he didn't learn to edit WAY back when he was in business school in '87 and I left it out.

Please reply to Smithback and feed his curiosity.

By the way, Smithback, I think both the Nook AND the Kindle suck. How's that for negativity?
smithback
Jun. 14th, 2014 03:02 am (UTC)
Thanks, guys. I appreciate the auto-correct review. I'm glad you're all paying so much attention. They're must be what? 10, 20 folks left in this room? I'll take your comments to heart...really.
smithback
Jun. 14th, 2014 03:06 am (UTC)
...and glad you chose to respond to the (ahem) OP.
(Anonymous)
Jun. 14th, 2014 03:12 am (UTC)
Just go away, SM!
(no subject) - smithback - Jun. 14th, 2014 03:27 am (UTC) - Expand
smithback
Jun. 14th, 2014 03:16 am (UTC)
Anyway...I don't sign into LJ very often anymore, but I appreciate your enthusiasm...and your ghostly voices within an otherwise dead community. I shall close to the sound of crickets.
(Anonymous)
Jun. 14th, 2014 04:43 am (UTC)
Like asked before, if this is such a "Dead Community" why do you feel the need to come in and tell everyone "YOU'RE ALL THE PROBLEM!"? I really don't understand that if you find something to be so irrelevant why do you bother to post?
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(Anonymous)
Jun. 14th, 2014 05:27 am (UTC)
We should get the financial results for the last fiscal year in about 10 days. Those numbers and how they are spun will tell us something.

Based upon those numbers, you will be working with fewer co-workers than is comfortable, and your raises and chances for promotion will be small.

[that would be if the numbers are good]

But in more positive news, we had some really good employee appreciation posters this year, and Amazon's veneer is beginning to crack.
(Anonymous)
Jun. 14th, 2014 07:02 am (UTC)
The customers, as usual, knew about this development long before anyone at my store had a clue. I guess announcing pie in the sky hopes like this are a waste of valuable time, time that would be better spent on the endless list of tasks that we've been behind on for months due to escalating reductions in staff hours.

It's more likely that the company is being parceled out a little at a time, something that will probably make bank for the higher ups (while cheating everybody else out of any post store closure compensation).
(Anonymous)
Jun. 14th, 2014 03:51 pm (UTC)
If you are any indication, then I'm not surprised that the folks in your store are clueless.
(Anonymous)
Jun. 15th, 2014 12:41 am (UTC)
Are you fucking crazy about Samsung. We are going to sell this POS! Who will be in the crosshairs when customers have a Samsung problem. Yup, you guessed it. It's us in the stores. We will be handcuffed as to what we can do to satisfy the customer. We will be told to say "NO" a lot more. This deal sucks. We will have lost all control of this device, and yet we will bare the brunt of its failure.

As for the financial investment. They are in it for a quick churn and burn, just like every other investor. They are if no help. We must rely on the same POS management team in NY to drive this fucking boat onto the rocks!
bookseller1957
Jun. 16th, 2014 04:35 pm (UTC)
I would do this as a new post/topic, but I can't seem to do that, so I am replying to this post:

I am honestly not sure the Samsung product will be a good one for sales. Watching the business channels review Samsung products, I see that they have a large variety of models. This one will be in the 7.5 inch range. Why? Price? Samsung is already pushing ones now that are bigger and able to compete with the Ipad. I own a Nook ND, but I prefer to read on my Ipad because it can do more things on one device. It is simple to download the Nook software. If the new Nook Samsung is smaller, if will not compete with the Ipad crowd, no matter now "good" it is, because it will be too small. As for being the size of the HD+ but able to do more, people can just buy a bigger Android tablet (Samsung or other brand) and download the software. Barnes and Noble will not get any sales. I think the day of targeting an audience for a reading device may be past. I am old and not at all tech smart. If I can figure this out anyone can. So, I will use my Ipad, and if I want an android reader I can pick up a tablet with a good review and download the software. Am I wrong? If so, please tell me gently!

Edited at 2014-06-16 04:40 pm (UTC)
(Anonymous)
Jun. 16th, 2014 06:29 pm (UTC)
I tend to agree with you. iPad is a much better investment all the way around because it can do so many other things, is reliable and very user friendly. But on the flip side of the coin, iPad is an expensive toy and some people (like part-time retail employees, for example) just can't afford an iPad. Like anything else in life, sometimes you have to settle for a cheaper product with fewer bells and whistles. It's like wanting to own a BMW on a used Saturn budget.
(no subject) - smithback - Jun. 17th, 2014 02:27 am (UTC) - Expand
(Anonymous)
Jun. 17th, 2014 12:39 am (UTC)
So let’s examine the "two pieces of amazing news"...

1. B&N will be selling exclusively Samsung Tablets, cross-branded as Nook Readers. Customers will be able to buy one company’s tabletm (and only one company’s) in the stores or on-line, but can also simply download the *free* Nook app for use on any other tablet. I don’t see the great upside of this, asides from B&N now not setting fire to piles of money in an attempt to compete in the tablet market. I don’t see where this decision will drive a plethoria of tablet sales, not the relative pittance B&N will make on the hardware contributing much to the bottom line. There’s still the need to increase eBook sales--how does carrying a Samsung tablet do this?

2. A hedge fund buying an interest in a company isn’t necessarily a good thing. An activist owner will be out to make a pile of money quickly, which can easily be done by selling off the viable parts of the company, loading up the remaining portion with huge debt, and then walking away with a large payday after having stripped the company of its only worthwhile assets and left the hulk to wither away and die. It’s not a sign of faith in the company--it’s a bet that he can make a good return on his investment. For most, and especially Wall Street bubbas, investing ceased to be about buy and hold a long time ago, with hedge funds poineering the way. The fate of the company is meaningless as long as the ROI is there and achieved. Prehaps you should read a few of the finance/business/management books the store carries.
smithback
Jun. 17th, 2014 02:36 am (UTC)
People, don't forget the original intent of the OP. You're all so vicious about BN's overall direction, but when something GOOD happens, you'd rather bitch about store minutia - then be a part of the solution. (Chuckling)...the last 10/15 posters left in this sorry-assed room are SHAMEFUL!
(Anonymous)
Jun. 17th, 2014 03:19 am (UTC)
You are without a doubt the crappiest troll I have ever seen.
(no subject) - (Anonymous) - Jun. 17th, 2014 05:44 am (UTC) - Expand
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(Anonymous)
Jun. 17th, 2014 06:18 pm (UTC)
Barnes & Noble Booksellers Facebook Group.  Join us!
www.facebook.com/groups/2204987203/
(Anonymous)
Jun. 17th, 2014 06:23 pm (UTC)
Email them. Barnes & Noble Management.

www.barnesandnobleinc.com/our_company/management_team/management_team.html

(Anonymous)
Jun. 19th, 2014 01:06 am (UTC)
I have not visited this post in a good while. No changes here at all. Everyone still
behaving like middle schoolers!
(Anonymous)
Jun. 19th, 2014 09:31 am (UTC)
Bite me!
(no subject) - smithback - Jun. 20th, 2014 02:42 am (UTC) - Expand
(Anonymous)
Jun. 19th, 2014 04:38 pm (UTC)
Please take pictures of working life before all of this is gone. Many stores are predicted to close in the next few years and all will be left is these photos. Thank you.

Barnes & Noble Pinterest.
www.pinterest.com/barnesandnoble/

Barnes & Noble Glassdoor.
www.glassdoor.com/Reviews/Barnes-and-Noble-Reviews-E2439.htm

Barnes & Noble Flickr.
www.flickr.com/search/?q=Barnes+%26+noble

Barnes & Noble Yahoo Images.
https://images.search.yahoo.com/search/images;_ylt=A0LEVxLaSPJSMV8Ab23BGOd_?p=barnes+and+noble&fr=yfp-hrtab-901&fr2=piv-web

Barnes & Noble Booksellers Facebook Group.  Join us!
www.facebook.com/groups/2204987203/
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