Report: Analysts warn shifts to e-reader could hurt booksellers
New York City The shift from digital to physical books will ultimately hurt traditional brick-and-mortar booksellers, analysts said Friday on the heels of Barnes & Noble launching its new e-reader.
Barnes & Noble introduced the Nook on Tuesday as a competitor to online retailer Amazon.com’s Kindle, which has dominated the e-reader market. The bookseller could become a major player in the digital book business, which could actually speed the downward trend in its revenue and profit, said Credit Suisse analyst Gary Balte, in an Associated Press report.
“As the math currently works, each sale through a Nook is not just unprofitable but potentially replaces a higher-margin sale at stores,” Balter wrote in a client note Friday.
One obvious risk is that downloading books reduces the need to go into stores, Balter said.
Goldman Sachs analyst Matthew Fassler wrote to clients Friday that the move to digital formats “clearly challenges Barnes & Noble’s store-based model.”
E-book readership is small, but growing fast. Forrester Research predicts 3 million e-readers will sell in the United States in 2009, and twice that many in 2010.
Office Depot announces availability of Windows 7
BOCA RATON, Fla. Office Depot announced the retail chain will offer Windows 7. Customers will be able to purchase the highly anticipated software at any one of the Office Depot retail store nationwide or online at www.officedepot.com/windows7.
Customers who currently own a PC can upgrade to Windows 7 Home Premium for only $119.99 or Windows 7 Professional for only $199.99. To help customers select the suitable software, Office Depot store associates have undergone Windows 7 training.
As part of the Windows 7 launch, Office Depot are offering their customers deals such as free installation until Jan. 2; over $1,000 worth of software after instant, mail-in and/or upgrade savings when purchased with any Windows 7 or Microsoft Office software, valid until Dec. 26; a coupon book with over $300 in storewide savings when a customer purchases Windows 7 valid until Nov. 21; and free online tutorials to help customers get started using Windows 7
Office Depot’s Tech Depot Services is offering support for Windows 7 customers such as Windows 7 data backup service; Windows 7 optimization and protection services, priced at $59.99; and personalized, 1-on-1 Windows 7 tech support for 90 days, including 1,500 how-to tutorials to help guide you through Windows 7, available 24/7 and priced at $59.99.
Target gets ready for Carlos Falchi
MINNEAPOLIS , Minn. Target is partnering with designer Carlos Falchi to launch a limited-edition handbag collection, Carlos Falchi for Target.
This collection is the ninth handbag launch in a series of limited-time-only accessories at Target. The Carlos Falchi for Target collection will be available at most Target stores nationwide and at Target.com beginning Nov. 1 through Dec. 27.
The Carlos Falchi for Target collection features the designer’s combinations of color, pattern and texture in deep hues and jewel-tones on signature silhouettes. The line also includes hobos, satchels, shoulder and messenger bags in shades of plum, teal, brown, black and gray with interior compartments and everyday-sized pockets. The collection features Falchi’s collage techniques and python-inspired solid prints finished with stitch detailing. The Carlos Falchi for Target collection ranges in price from $19.99 to $49.99.