Amazon started out as a web site from which you could order things — primarily books. Then it became a brick-and-mortar store. Now it’s a brick-and-mortar store from which you can order things and get them (in New York City) in less than an hour.
According to Entertainment Weekly, Amazon has opened a location on 34th Street in Manhattan. Using a new service called Prime Now, people who live in Manhattan can order from the site and have the items delivered to them from the 34th Street location in an hour or less for $7.99, or in two hours or less for free.
Prime Now is a mobile app from which orders can be made everyday between 6 a.m. and 12 a.m. Amazon’s SVP of worldwide operations Dave Clark said this is good alternative for many people:
“There are times when you can’t make it to the store and other times when you simply don’t want to go.”
Now you can get what you want without leaving your home…in less than an hour.
For now the service is only available in New York City, but there are plans for it to spread to other cities in the future. My guess? LA would be next.
In an attempt to resuscitate its failing e-reader division, Barnes & Noble has decided to split into two companies.
According to Mashable, the company will separate the division for its Nook e-readers into a separate company by the end of the first quarter of 2015. Barnes & Noble CEO Michael Huseby released this statement:
“We believe we are now in a better position to begin in earnest those steps necessary to accomplish a separation of NOOK Media and Barnes & Noble Retail. We have determined that these businesses will have the best chance of optimizing shareholder value if they are capitalized and operated separately.”
Basically, this means he hopes the separate Nook company will be more flexible on its own and therefore acquire more partnerships or even new owners. Microsoft, for example, could theoretically purchase the company. But branching off may have little to no impact on the Nook company. It’s been struggling for years, and has continued to decline in sales revenue, as other e-readers and phone apps compete in the digital market.
Guess we’ll have to wait at least another six months to see what happens.
As it turns out, the more power you have, the more money you have, the more influence you have — even on readers.
According to Entertainment Weekly, a business book from 1969 flew to the top of the bestsellers list after Microsoft CEO Bill Gates mentioned it as his favorite book in an essay he wrote for The Wall Street Journal earlier this month.
Bill Gates’ mention of John Brooks’ Business Adventures: Twelve Classic Tales from the World of Wall Street in The Wall Street Journal sent the book to the No. 5 spot on the Amazon Kindle bestseller list. The book was published in 1969 and is no longer in print. But the book’s publisher, Open Road, quickly made it available in e-book format, and a paperback re-issue is now slated for September. In the essay, Gates wrote “Today, more than two decades after Warren [Buffett] lent it to me—and more than four decades after it was first published—Business Adventures remains the best business book I’ve ever read.”
Will you be buying the book?
Get Business Adventures in paperback for $10.34. — starting August 12, 2014!
It’s one of the biggest book brawls since the 2012 fight over e-book pricing. Once again, Amazon and Hachette are involved.
This time, according to The New York Times, it’s believed that Amazon wants to offer discounts on Hachette e-books, and apparently negotiations aren’t going well. In fact, they’re going so poorly that Amazon is now supposedly delaying shipment of some Hachette books and preventing preorders of some Hachette books.
It would seem that this is a battle strictly between Amazon and Hachette, but rather, it appears to be the start of a war between Amazon and many publishing companies, as Jonathan Mahler explains.
As part of Hachette’s antitrust settlement with the government, the company agreed to allow Amazon to continue to discount the price of e-books for two years. That agreement has expired, and for some reason — no one is sure why — Hachette is the first publisher to find itself in the position of negotiating a new one.
Other publishers are holding their breath. It is in their interests for [Hachette Book Group’s chief executive] Mr. Pietsch to drive a hard bargain, and they are cheering him on, but silently. They have their own relationships with Amazon to protect […]
So is the squabble close to being resolved? Doesn’t seem that way, but with many of the details of the negotiations being kept under wraps, it’s hard to know exactly what’s going on and when it may finally end.