Barnes & Noble considers spinning off Nook business
New York City — Barnes & Noble said Thursday that it is beginning “strategic exploratory work” to separate the Nook division in an effort to help the emerging business grow.
“We see substantial value in what we’ve built with our Nook business in only two years, and we believe it’s the right time to investigate our options to unlock that value,” said William Lynch, CEO, Barnes & Noble.
In an interview with the Associated Press, Lynch said the Nook review is an attempt to provide more visibility into Nook operations, which Barnes & Noble doesn’t believe are valued as highly as they should be by investors and analysts.
He said the company is looking at a "range of options" for the Nook business, which the company expects to generate $1.5 billion in revenue in fiscal 2012. He declined to comment on whether the company was considering selling the business outright. The review is expected to be complete by the end of the year, the report said.
Analysts were not happy with the news. "Separating Nook from the Barnes & Noble brand would be a huge mistake," said Simba Information senior trade analyst Michael Norris, in the report. "A lot of people who buy e-books buy physical books as well. Do they really want to tamper with that kind of marriage?"
Barnes & Noble to sell Sterling publishing business
New York City — A Wednesday report in the Wall Street Journal said that Barnes & Noble Inc. has put its Sterling Publishing business up for sale.
Barnes & Noble acquired Sterling in 2003 for about $115 million.
7-Eleven Mexico selects Oracle retail platform to support growth
Redwood Shores, Calif. — 7-Eleven Mexico has selected Oracle Retail Merchandising to create a platform for improving retail operations and driving growth across its 1,400 stores throughout the country.
“We will use Oracle Retail to better serve the changing needs of our convenience customers by offering the best assortment by store and fresher products every day. Also to establish best practices and create a platform for growth,” said Eduardo Trujillo, business transformation director, 7-Eleven Mexico. “We have operational data from across the business. Oracle will help us to gain insight from that data and shape our merchandising and inventory strategies accordingly.”
7-Eleven Mexico will use the Oracle Retail Merchandising suite of applications to leverage operational data, establish best practices throughout its retail operations and help develop new merchandising and inventory strategies.
The Oracle solution is designed to help retailers determine the inventory requirements at the item and location level, which results in an inventory replenishment that optimizes the supply across all locations.