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Third Quarter Results Fall at Hastings, Launches E-bookstore
A weak slate of new offerings across the book, movie and video game businesses, as well as the continuing move to e-book sales from print books, led to a loss of $5.5 million at Hastings Entertainment in the third quarter.
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Bartleby’s to Re-Open Friday
This year Black Friday has a special meaning for Bartleby’s Books in Wilmington, Vt., which will reopen on the Friday after Thanksgiving, November 25.
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Analysts Look at the Holiday Season—and Beyond
How’s the holiday shopping season shaping up for 2011? It could be better, market-watchers said, but it could be worse. “Business is never as bad as people say,” said Todd Slater, former managing director of Lazard Capital Markets, “or as good.”
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Barnes & Noble Sees Bright Future in Digital
Barnes & Noble sees it sales of e-books rising from about $250 million in 2010 to over $2 billion in 2015, according to a presentation made by CEO William Lynch at Liberty Media’s investor meeting Thursday. While e-book sales are expected to skyrocket, sales of print books through B&N are expected to fall from about $3.6 billion in 2010 to about $2.8 billion in 2015, Lynch reported.
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At Retail Conference, Edwards Addresses His Time at Borders
At the Association for Corporate Growth’s Annual Retail Conference, Mike Edwards, former CEO of Borders, said his brief reign at the troubled retailer was like an “incredibly crazy movie.”
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Copperfield's Books Moves Santa Rosa Location
Copperfield’s Books, the multiple-store independent based in California's Sonoma and Napa counties, moved its Santa Rosa location from one end of the Monterey Village mall to another this month in just four days.
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B&N in Patterson Promotion
Barnes & Noble is offering an in-store promotion with James Patterson that will offer customers who buy Kill Alex Cross in hardcover, plus any other Patterson title for adults or children in any format, a free physical copy or Nook Book of Patterson’s novella Merry Christmas, Alex Cross, a title available only at B&N.
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Taschen to Pop Up in New York
Taschen’s continuing to brand its line of illustrated books this season, first with branded sections in museum stores like the Chicago Institute of Art and the Wexner Art Center in Columbus, Ohio, now with a pop-up bookstore at 998 Madison Avenue in New York City that is slated to open at the end of the month.
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Tattered Cover Adds Espresso Machine
Tattered Cover Book Store is the latest bookstore to install the Espresso Book Machine. Installation of the machine and staff training are being completed this week, and the new Tattered Cover Press will be up and running in the store's Historic LoDo Denver location before the holidays.
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September Bookstore Sales Rise
According to preliminary estimates, bookstore sales in September rose 7%, to $1.55 billion and were up 2.8% for the first nine months of 2011. Revenue includes all sales made at stores where at least 50% of its sales come from books and also reflects the final going-out-of business sales at Borders.
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Obituary: NAIPR Founder Bob Carrier (1930-2011)
Bob Carrier, founder and first president of the National Association of Independent Publishers Representatives, died of cancer on Monday, November 7, at his home in North Carolina. He was 71 years old. From 1975 to 1991 Carrier headed The Book Carrier, a rep group in the Mid-Atlantic states.
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Atlantic Books to Close
After shuttering one store this summer and another five stores on the shore in September, 36-year-old Atlantic Books, a Mid-Atlantic regional chain headquartered in Conshohocken, Pa., began going-out-of-business sales for its three remaining stores late last week.
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Bookstore Pop-Ups
Temporary stores with leases of less than a year have long been a cost-effective way to promote brands, test locations, and increase a store’s reach, particularly at peak shopping times like Halloween and Christmas. In fact, demand has grown so strong in recent years that in 2009 Christina Norsig set up the first online exchange for temporary real estate, PopUpInsider.com, and just self-published a how-to primer, Pop-Up Retail.
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NZ Publisher Pop-Ups in Manhattan
PQ Blackwell in New Zealand is the latest art and coffee-table book publisher to promote its brand with pop-up stores during the holiday season.
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Decatur Bookshop's Community Read Program Captivates Atlanta
Little Shop of Stories in Decatur, Ga., has a hit on its hands with Greater Atlanta’s first one-city-one-book program featuring The Phantom Tollbooth.
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Marketplace Fairness Act Gets Amazon, ABA Backing
The goal of leveling the playing field for brick-and-mortar retailers came a step closer Wednesday with the introduction of the Marketplace Fairness Act by a bipartisan group of ten senators.
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Indigo Posts Second Quarter Loss
In addition to announcing its sale of Kobo yesterday, Indigo Books & Music reported a net loss of C$9.7 million in its second quarter. Revenue, however, was up 1.7% from the same quarter last year, to C$218.5 million.
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Baker Publishing to Sell on Espresso Book Machine
After a flurry of announcements in recent weeks that both HarperCollins and O’Reilly Media have signed with On Demand Books to make their books available on the company’s Espresso Book Machine, ODB announced its first major Christian publisher contract with Baker Publishing Group.
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