Barnes & Noble reportedly considering partnership with U.K. bookstore chain Waterstones in bid to release its Nook tablet outside of the U.S.
January 30, 2012
– According to an anonymous source who is familiar with the matter, Barnes & Noble Inc. could potentially form a partnership with Waterstones Booksellers Ltd., a bookstore chain that is based in the U.K., in a bid to release its Nook tablet outside of the U.S., The Washington Post reported Jan. 27.
“If they do increase the distribution for the product, it’s obviously a benefit for them,” said Michael Souers, an analyst for Standard & Poor’s, “Amazon is still the behemoth in the market, and has the upper hand because they were the first mover in the majority of markets.”
During the nine-week period that ended on Dec. 31., revenue from sales of Barnes & Noble’s Nook unit increased 43% to US$448 million while in-store sales increased 2.5% to $1.2 billion. Barnes and Noble predicted that, for the fiscal year that ends on April 30, its Nook unit may generate a revenue of $1.5 billion, which would constitute roughly 20% of its total sales based on analysts’ estimates that the company’s total revenue for this period will be $7.33 billion.
Barnes & Noble is the largest bookstore chain in the U.S.
The primary source of this article is The Washington Post, Washington D.C., on Jan. 27, 2012.