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Atlanta Book Exchange Closes
After 35 years of buying and selling used books, the Atlanta Book Exchange closed its doors on Tuesday, July 5.
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Will Terms Scuttle Najafi Bid?
Whether Borders moves forward as a chain of 200 or so stores or is liquidated could come down to the same issue the current Borders’s management and publishers could never agree upon—terms.
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Amazon Buys U.K. E-tailer The Book Depository
Amazon has expanded its international reach, signing a preliminary agreement to acquire the fast-growing U.K. e-tailer The Book Depository.
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Borders Resolution in Sight
Ever since Borders Group filed for Chapter 11 in February, one of the overriding concerns of the major publishers has been that the bankruptcy process not be dragged out.
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Court Voids Alaska Statute to Protect First Amendment Rights
In a lawsuit brought by Alaska booksellers, librarians and other organizations, Chief U.S. District Judge Ralph Beistline held that Senate Bill 222, which could have made anyone who operates a website criminally liable for posting material deemed "harmful to minors," would have chilled free expression.
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GABBS Returns to Boston
That the Great American Bargain Book Show will be in Boston for the third August in a row speaks volumes about the growing importance of bargain books, especially during the fourth quarter, and about New England as a bargain book center.
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Writers Bloc Completes 15th Season of Author Conversations
Fifteen years after launching Writers Bloc, a literary program in Los Angeles that embraces pop culture and politics in a series of conversations between authors and guest interviewers, Andrea Grossman has played host to hundreds of writers as varied as David Foster Wallace, Steve Martin, Kazuo Ishiguro, Ruth Rendell, Al Gore, and Mel Brooks.
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Najafi in $435 Million Stalking Horse Deal with Borders
Borders reached an agreement Thursday evening with Najafi Companies to sell an undetermined number of stores for $215.1 million in cash plus $220 million in assumption of liabilities.
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Hopkins Fulfillment Adds Digital Asset Management
HFS, which handles distribution for Johns Hopkins University Press and 12 other university presses and nonprofit institutions, has launched HFS Digital to provide print-on-demand and digital short-run printing options as well as e-book services, including conversion and single-title direct-to-consumer e-book sales.
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California Finally Passes Online Tax Bill
After a dozen years, independent booksellers and brick-and-mortar retailers in California prevailed when Governor Jerry Brown signed a bill into law yesterday afternoon requiring out-of-state retailers to collect sales tax on California sales beginning July 1.
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Aletheia Cuts Stake in B&N Again
For the second time in less than a month Aletheia Research and Management has sold a significant portion of its holdings in Barnes & Noble. In a filing with the SEC Tuesday, the firm disclosed that it cut its stake in B&N from 8.65% to 5.38%.
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CBA to Market Espresso Book Machine
On Demand Books, the company behind the Espresso Book Machine, and CBA, the Association for Christian Retail, have entered into a marketing agreement under which CBA will market the machine to its members.
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A New Generation of Rep Groups
Although the George Scheer Group disbanded this spring after close to 60 years in business, other independent rep groups have found ways to move ahead.
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St. Mark’s Bookshop Faces Tough Summer—But Staying Open
It may be one of the worst summers ever for New York City indie St. Mark's Bookshop. But despite the news in the twitter-sphere the store expects to stay open.
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North Dakota Bookseller Keeping Doors Open
Main Street Books, a North Dakota independent located only a block and a half outside the flooding evacuation zone in the state, is keeping its doors open, hoping to serve the community’s few remaining residents.
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NAIBA & SIBA Go Clubbing
Club Read, a book club get-away sponsored by Southern Independent Booksellers Alliance and New Atlantic Independent Booksellers Association, will hold its inaugural event this fall at the Mariner's Resort and Conference Landing in Huddleston, Va.
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Borders DIP Amendment Reluctantly Approved
Borders’s 11th-hour amendment to its DIP facility to prevent the closing of 50 stores was approved after some hesitation at this morning’s bankruptcy hearing. Judge Martin Glenn called the million-dollar fee that Borders is paying for the extension a bitter pill. “I’ll approve it with reluctance,” he said. “I think you’re getting raped is the best way I can describe it. The other side of the coin is, it’s the only game in town. It’s very close to me saying no.”
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Digital Sales Jump at Barnes & Noble, But Retailer Has $74 Million Loss
A 50% sales increase at BN.com plus a full year’s results from Barnes & Noble College Booksellers offset a decline at Barnes & Noble’s retail trade stores leading to a 20% increase in total revenue to $7 billion in the fiscal year ended April 30.
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Borders Cuts Losses in May to $35 Million
As talks progress about the sale of most of its assets, Borders Group reported that its net loss in the May 1 to May 28 period was $35.4 million, down substantially from the $132.2 million the chain lost in April.
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Borders Headed to July Sale, or Bust
The future of Borders has become much clearer with a motion filed late Friday that asks the court to approve a new motion that will permit it to sell “substantially all of its assets” by July 29. If the motion is not approved, or an agreement to sell the company is not reached, Borders said it will liquidate the bookstore chain as quickly as possible.
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