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B&NE Reaches Cooperation Agreement with Outerbridge
Barnes & Noble Education reached an agreement with the investment firm that avoids the possibility of Outerbridge running an alternative slate of directors at the upcoming annual meeting. The deal comes as B&NE looks to accelerate its digital products and services for college students.
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May Bookstore Sales Took Another Dive
May bookstore sales dropped 59.8% compared to a year ago, according to preliminary estimates released by the U.S. Census Bureau. Sales were $271 million, down from $675 million in May 2019.
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Sponsors Pull Support, Demand Borderlands Owner Give Up Store
Twenty-five of the 1,314 financial sponsors of Borderlands Books in San Francisco were among the signatories to an open letter addressed to owner Alan Beatts, demanding that he relinquish ownership of the store in light of disturbing allegations recently made against him by an ex-girlfriend and his daughter.
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This Week's Bestsellers: July 20, 2020
Silvia Moreno-Garcia’s ‘Mexican Gothic’ lands on our fiction list, while her protagonist vies for a spot on the best dressed list. Plus Renée Abdieh enjoys her place in the sun with ‘The Damned,’ and the Disney Plus debut of ‘Hamilton’ gives related books another shot.
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The Bestselling Books of 2020 (So Far)
Delia Owens, Dav Pilkey, and Suzanne Collins all had a good first half of the year, placing at the top of their respective bestseller lists.
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Barnes & Noble Regroups and Looks Ahead
After the shutdown, layoffs, and a major redesign, the bookseller is reopening its stores in an uncertain book market.
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Powell's Bookstores Remain Closed, Owner Concerned
The owner of Powell's Books, with five locations in Portland, Ore., says the stores will remain closed due to health concerns, and noted that once the company's PPP loan runs out, it will face "painful choices."
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Authors, Customers Demand Borderlands Books Owner Divest from Store
As calls continue for embattled Borderlands Books owner Alan Beatts to divest from the store after allegations of violent assault and attempted rape surfaced two weeks ago, authors are canceling scheduled virtual events.
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Strand Book Store Union Denounces New Layoffs
The Strand Book Store’s union forcefully denounced the firing of 12 booksellers who were only recently rehired after mass layoffs during the first weeks of the coronavirus outbreak in March.
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Book Launches Get More Creative
Authors, shut out of holding in-person events at bookstores, have adapted to the digital book event, and book launches are getting more creative and collaborative as a result.
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This Week's Bestsellers: July 13, 2020
‘Sex and Vanity,’ a standalone from ‘Crazy Rich Asians’ author Kevin Kwan, debuts at #3 in hardcover fiction. Plus a pair of prizewinners get their trade paper releases, and the novella ‘Love, Creekwood’ enters Becky Albertalli’s Simonverse.
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Print Units Post Surprising Increase in First Half of 2020
Despite the economic turmoil caused by the Covid-19 pandemic, unit sales of print books rose 2.8% in the first six months of 2020 over the comparable period in 2019 at outlets that report to NPD BookScan.
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Brooklyn Bookstore Commits to Anti-Racism Audit
The owners of Brooklyn's Greenlight Bookstore issued an open letter to customers on Wednesday, acknowledging issues of bias that had been raised with them and outlining concrete steps to change store policies.
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ABA Seeks to Expand Board to Add Diversity
The American Booksellers Association is asking its membership to vote to add two additional members to the organization's board, bringing the total to 13, and approve new bylaws that would ensure four board members would be BIPOC booksellers.
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Heartland Summer: Buying Frontlist During a Pandemic
Paying close attention to market trends is key to buying new books in a pandemic, speakers at a conference co-hosted by The Midwest Indie Booksellers Association and Great Lakes Indie Booksellers Association said.
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Print Units Jump at the End of June
All major categories posted gains in the week ended June 27, 2020, and unit sales of print books jumped 18% in the week as a result.
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Mission-Driven Indie Bookstores Drop J.K. Rowling's Books
Three mission-driven indie bookstores well-known for their commitment to social justice have ceased stocking books written by J.K. Rowling, accusing the Harry Potter author of promoting hatred towards transgender people.
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Print Unit Sales Fell 9.6% Last Week
After unit sales of print books hit a 2020 high in the week ended June 20, sales fell 9.6% last week at outlets that report to NPD BookScan. Though units fell compared to the previous week in 2020, sales jumped 18% over the comparable period in 2019.
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Geppi Takes Control of GFE; Heidmann to Leave
Diamond Comic Distributors founder Steve Geppi announced that he is returning as president of Geppi Family Enterprises, the parent company of Diamond.
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