Barnes & Noble Gives Up GameStop
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The nation's largest bookseller reports a fall in earnings and completes a spinoff.
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GameStop Corp., the largest U.S.  video game retailer, reported on Tuesday a quarterly profit  that fell slightly short of Wall Street estimates and shares  fell as much as 2.7 percent.
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The bookseller decides to distribute its interest in GameStop to shareholders.
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Barnes & Noble, the world's largest book retailer, has decided to sell O.J. Simpson's book "If I Did It" in its stores, reversing an earlier decision to offer the controversial title only on the Web.
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The embattled Coliseum Books is set to close its doors for the second time in five years, and a co-owner of the famed independent bookseller says this exit is expected to be permanent.
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PS3 vs. Wii vs. Xbox. And the winner is: Gamestop.
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It's clearly a blow, but retailers were divided on whether the move actually amounted to a death knell to the format, which is battling Blu-Ray.
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GameStop Corp., the largest U.S. video game retailer, reported on Tuesday a quarterly profit that fell slightly short of Wall Street estimates and shares fell as much as 2.7 percent.
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Sony Corp. (6758.T) plans to phase out the cut-priced $499 model of its PlayStation 3 video game machine, leaving only a higher capacity $599 model for sale in the United States, the company said on Monday.
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The publisher of the new Harry Potter book said it canceled shipments to one of Britain's largest supermarket chains, owned by Wal-Mart, in a dispute over unpaid bills.
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Business & money: The owner of retail chains including Currys and PC World is to stop selling analogue television sets
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Barnes & Noble Inc. BKS.N, the  leading U.S. bookseller, on Monday said quarterly profit fell  due to higher expenses and soft demand for titles in its  bestseller category.
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BusinessWeek Online - Barnes &amp; Noble  is bracing for disappointing profits this year, as the bookseller struggles to keep customers by lowering prices. Shares of the retailer tumbled 11.4% to $35.56 on Mar. 5, after the company trimmed its forecast for 2007 and plans to close an Internet distribution center.
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The publisher of the latest Harry Potter book cancels an order to supply 500,000 copies to Asda supermarkets.
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Toshiba will discontinue its HD DVD products, it said Tuesday, handing victory to rival high definition disc format Blu-ray Disc.The company will no longer develop, manufacture, and market HD DVD players and recorders.It will reduce shipments of HD DVD players and recorders to retail markets and aims to cease the businesses altogether by the end of March.But the Japanese electronics giant pledged to provide full product support and after-sales service for owners of Toshiba HD DVD products.Recent changes in the market prompted the decision, Toshiba said. Early this year,&#160;Warner Bros. said it would stop issuing movies on HD DVD&#160;in the coming months and rely exclusively on Blu-ray Disc. The Hollywood studio was one of three major studios remaining in the HD DVD camp, and its defection created widespread belief that the battle between HD DVD and Blu-ray Disc was now over.More recently, major U.S. retail chain&#160;Wal-Mart announced it would phase out the sale of HD DVD products, moving to exclusivity with Blu-ray Disc. Electronics retailer Best Buy also said it would back Blu-ray Disc, but it did not say it would stop offering HD DVD.Warner made its decision based on consumer confusion and indifference to high definition movies, an indifference that cost Hollywood in lost revenue, it said. Wal-Mart said U.S. customers preferred Blu-ray Disc movies and hardware. Blu-ray Disc is the high definition disc format championed by Sony.&quot;This once again shows why incompatible and mutually exclusive formats should be avoided at all cost by the industry,&quot; said Carl Gressum, a senior analyst at Ovum. &quot;It reduces profitability and delays customer adoption.&quot;&quot;The big question is, however, the impacts on Toshiba as an electronics company,&quot; he added. &quot;It has after all bet its disc media business on HD DVD, as well as gone for HD DVD integration into some of its laptop PCs. The channel has inventory to clear, and demands from owners of HD DVD players.&quot;Toshiba said its decision came after careful analysis of the long-term impact of continuing the format war, and said a swift decision was called for to help the high definition market develop.The company also pledged to remain a player in the high definition market. Developing HD DVD created many assets for Toshiba and its partners, which include Microsoft, Intel, HP, and Universal Studios, the company said. Toshiba plans to work with these companies to seek future business opportunities.&#160;&#160;
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If you're hoping to buy the new edition of O.J. Simpson's "If I Did It," don't expect to find a copy at Barnes & Noble. Citing a perceived lack of customer interest, the chain said the book would only be available by special order or for purchase onlin...
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Online retailers don't own Mondays anymore.