Archive for the ‘Bookstore’ Category

Gustav Causes Temporary Closure of Seven Gulf Area B&N Stores

September 5th, 2008

Stores in Gulfport, Miss., and Lafayette, La. have re-opened and a spokesman for the company said that other affected stores are scheduled to re-open over the weekend.  Publishers Weekly  (Sept. 5, 2008)

Borders Posts Less-than-Expected Quarterly Loss

August 27th, 2008

The bookseller’s stock also rose on news that its second-quarter loss from continuing operations dropped to $11.3 million, or 19 cents a share, from $18.1 million, or 31 cents per share.  The New York Times  (Aug. 26, 2008)

Barnes & Noble’s 2Q Net Income Drops by 15%

August 21st, 2008

The bookseller was up against a tough comparisons with last July’s release of the final installment in the “Harry Potter” series.  Despite the drop, B&N beat analysts’ expectations.  The Wall Street Journal  (Aug. 21, 2008)  Paid subscription may be required.

Barnes & Noble Backs Off Borders Bid

August 18th, 2008

According to a story in the Wall Street Journal, Barnes & Noble Inc. has decided not to pursue an acquisition of number two book seller Borders Group, Inc.  Concerns about the length of some of Borders’ store leases was reportedly one of the reasons for B&N’s decision.  Reuters  (Aug. 14, 2008)

Bob Gremillion Named Interim Publisher For Chicago Tribune

June 30th, 2008

Bob Gremillion has been named interim publisher for the Chicago Tribune. Gremillion expects to hold the job for a couple of months maximum and said that he would decline a permanent job if offered.  E and P (June 29, 2008)

Behind the changing Borders

June 19th, 2008

The Books Category Manager for Border’s (U.K.)  Caroline Mileham, claims “One of the first things I did when I came over was reduce our rate card [the co-operative marketing fees charged to publishers].”
thebookseller.com

Borders Overhauls IT Systems

June 19th, 2008

Borders (U.K.) is set to try a new inventory management system at the end of June. A roll-out is planned for their 40 stores this autumn. Bookseller.com (June 18, 2008)

Borders Announces UK’s First Category-wide Magazine Promotion

June 10th, 2008

Borders Books, in conjuction with the United Kingdom’s Magazine Week (Sept 29 - Oct 5), will be the first ever British retailer to hold a price-based promotion on magazines. PPA News (June 5, 2008)

Borders Cuts 275 Corporate Jobs

June 3rd, 2008

Borders Group Inc. today announced plans to reduce its corporate workforce by 20% or 275 positions, including more than 150 positions at its Ann Arbor, MI, headquarters.  The cuts, which will not affect store personnel, are part of the retailer’s reduce annual expenses by $120 million.  AP at Forbes  The Wall Street Journal  Paid subscription may [...]

Book Sales Rose 0.9% Last Year, But Paperback Sales Fell

May 30th, 2008

Book publishers sold 3.13 billion units last year, up from 3.1 in 2006, although mass market, smaller size paperbacks (often thrillers and romances) are falling out of favor.  Their sales dropped to 541.8 million copies, from 575.1 in 2006.  The industry  is gathering in Los Angeles today for the second day of BookExpo America, during a “…time [...]