Last week, B&N.com debuted Barnes & Noble Studio, a new multimedia section and two weekly video series, at www.bn.com/studio. The section's goal, said Mike Skagerlind, v-p and head of digital media for Barnes & Noble.com, is to give visitors to the site another way to browse authors and titles “they wouldn't have otherwise discovered.”
Skagerlind, who joined B&N last September after 12 years at Nickelodeon, said the company knows from observing its customers' behavior that the more time they spend in a B&N store, the more likely they are to buy something. “There's a similar dynamic online,” he noted. The new Web video series, Barnes & Noble Tagged! and Book Obsessed, highlight specific books and introduce viewers to everyday readers around the country. Skagerlind called them “a way to entertain and inform” visitors to B&N.com. There are links on the video pages so customers can buy a book with one click, but Skagerlind insisted, “We're not trying to make this a hard sell. This content is there to help stimulate people, to help them decide what to buy.”
In addition to featuring the two new videos, Barnes & Noble Studio gives visitors to the site another way to access other web content the company has already created and launched, including Upstairs at the Square, Live from B&N and Barnes & Noble Book Clubs.
Skagerlind would not pinpoint how much money the company has invested in developing its Web site, only saying “It's enough to make a difference.” However, the way the company is producing Web video content is “economically sensible.”
Also last week, B&N announced sales for 2007 and a tepid forecast for 2008 (see chart).
Barnes & Noble Sales, Forecast (in millions)
Sales | Comp-store Change | Total Change | |
2008 Forecast: Comparable store sales to be slightly positive in an uncertain economic environment. * Excludes extra week in 2006. ** Includes Dalton, Sterling, Calendar Club | |||
Superstores | $4,648 | 1.8%* | 4.3%* |
B&N.com | 477 | 13.4* | - |
Other** | 286 | ||
Total | 5,411 | - | 2.8* |