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Sterling Moves Into Stationery
Earlier this month, Sterling began selling a line of ecofriendly writing journals through Barnes & Noble, which owns the publisher. Marcus Leaver, the publisher of Sterling, relies heavily on data to run his business and had noticed B&N reports that ancillary items were selling strongly. Leaver liked the idea of launching a line of journals instead of, say, the book-light business.
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HMH, Reader's Digest Overhaul Finances
Barry O'Callaghan and Ripplewood Holdings were involved with three of the biggest acquisitions in publishing circles since 2006, but the combination of recession and heavy debt loads has forced the two to dramatically alter their financial positions in the publishers they bought. O'Callaghan, through his ownership of Riverdeep, led the 2006 purchase of Houghton Mifflin and a year later the acqu...
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Sales Slip But Profits Up at Books-A-Million
Profits jumped 133% at Books-A-Million in the second quarter despite a 0.7% decline in revenue. Comp sales fell 4.9%. The company also announced a number of executive promotions.
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Self-Published Book Gets Neiman Marcus Launch
It’s the kind of marketing opportunity that experienced publishing folks often find tough to pull off, a window and launch event at Neiman Marcus. But then self-publisher Mandy Williams, the “Black” of the sister writing duo, “the Red and the Black,” is not an easy person to turn down.
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Sales Drop 5% at Barnes & Noble
Total revenue fell 5.3% at Barnes & Noble in the second quarter, to $1.16 billion with same store sales down 6.9%. Sales stores declined 5% in the period, while online sales rose 2%. Earnings from continuing operations fell 26.8%.
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Barnes & Noble Launches Out-of-Print Imprint
Barnes & Noble has added a new dimension to its publishing program, launching Barnes & Noble Rediscovers, an imprint that will republish out-of-print books in redesigned hardcovers.
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Frankfurt Book Fair: Random House Cancels Frankfurt Party
In a sign of the economic times, Random House has canceled its famed curtain-raising soiree during the Frankfrut Book Fair.
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Random House Joins Transportation Partnership
Random House has joined the SmartWay Transportation Partnership, a collaboration between the EPA and the freight industry.
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Haights Cross Struggles With Debt, Completes Recorded Books Reorg
Haights Cross is still working on a deal to repay loans with bankruptcy a possibilty. Meanwhile the company's Recorded Books subsidiary completed a restructuring in the second quarter that eliminated a total of 19 jobs.
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Borders Ups Teacher Discount
Borders announced yesterday afternoon that it is upping the discount provided to educators to 25% from 20%.
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'GQ' Editor Named to Post at Random House
Andy Ward, current executive editor of GQ, has been named v-p and executive editor of Random House's flagship imprint.
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Barnes & Noble Expands Offerings for Teachers, Parents and Librarians
Barnes & Noble is gearing up for the new school year with a few new initiatives, including new sections of its web site. B&N@School presents teachers, librarians and parents with a selection of educational toys and games. Jaime Carey, chief merchandising officer at B&N, said B&N@School complements the retailer’s recently expanded Educational Toys & Games department.
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Second Quarter Results Off at Hastings
More cautious consumers led to a decline in sales and a loss in the second quarter at Hastings Entertainment. Book comps were off 1.7%.
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Borders Hires Larry Norton, Reorganizes Paperchase U.S.
Looking to improve its supply chain and sales execution in its stores, Borders has named Larry Norton to the new position of senior v-p for merchandising and distribution. Norton had been with Simon & Schuster for 13 years, rising to president of the sales and distribution division. The company also announced today a reorganization of its Paperchase U.S. leadership team.
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Horrow Gets Sports Show
Rick Horrow, who is heading up the fledgling sports imprint at Morgan James Publishers, has landed a television gig on the VERSUS cable network.
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Barnes & Noble Adds Eco-Friendly Planners Line
Barnes & Noble is now selling a line of planners and journals made with 100% post-consumer recycled paper, manufactured in the U.S. The line, called Ecosystem, was created by B&N subsidiary Sterling Publishing, and is sold exclusively at B&N stores, BarnesandNoble.com and ecosystemlife.com.
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Hastings Upgrades Web Site
Hastings Entertainment has overhauled its Web site adding more information on products and improving its searching and browsing capabilities as well improving interactivity with customers. The site is not selling e-books at this point, however.
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New Borders Directors Chosen
The five new members to the Borders board have been selected.
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Barnes & Noble to Buy B&N College Booksellers
Barnes & Noble, Inc. announced this morning that it has signed a definitive agreement to acquire Barnes & Noble College Booksellers, the privately-held chain of college stores owned by B&N founder Len Riggio. B&N is valuing the purchase at $596 million, or $460 million after including B&N’s cash on hand.
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Phoenix Books' Michael Viner Dead at 65
Michael Viner, who as head of Dove Audio helped develop spoken-word audio into a mainstream product but who may be better known for publishing controversial books, died over the weekend after a battle with cancer.
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