Consumer Business Recap: Amazon’s Troubles In The UK, Barnes & Noble Reduces Nook
There was a bit of unpleasantness for Amazon.com (NASDAQ:AMZN) in the United Kingdom, subsequent to a survey which found that consumers often pay more for bestselling titles in e-books rather than the same books in hardcover. It’s poor timing for the firm as it is already embroiled with allegations that it colluded with other publishers to set the e-books prices higher.
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J.C. Penney & Co.’s (NYSE:JCP) scheme to reconfigure itself with a wide range of boutique shops inside its stores seems to be benefitting Leggett & Platt (NYSE:LEG) the most. The latter landed a contract to supply fixtures and displays for Penney’s transformation at a time when its commercial business was not in top shape.
Barnes & Noble (NYSE:BKS) reduces the price of its Nook SimpleTouch with GlowLight from $139 to $119 so as to match Amazon’s new illuminated e-reader entry. With Nook now at pricing parity with the Kindle Paperwhite, the firm hopes to win over consumers on the product’s merits prior to the holiday shopping season.