Barnes and Noble has sacked many employees this morning, many showed up to work and told they no longer had jobs. This included customer service personal, cashiers, Nook staff and digital leads in the ebook department. The exact number of people who were fired is not known, but the bookseller has 26,000 people working for them in the United States since last April.B&N had a … [Read more...] about Barnes and Noble is Sacking Customer Service and Digital Leads
Bookselling News
Audiobook Sales Increased 26.2% First Three Quarters of 2017
In the first nine months of 2017 print sales remained flat in the United States, but the format generated over $3.1 billion dollars in revenue. Digital books declined 5.5%, but they are still a massive cash cow for major publishers, who collectively made $835 million dollars. The fastest growing segment in digital publishing are audiobooks, they experienced a 26% increase in … [Read more...] about Audiobook Sales Increased 26.2% First Three Quarters of 2017
Indigo Books and Music is on a Rampage
Indigo Books and Music is the largest bookseller in Canada and the company has zero debt, which is rare. In the last three months of 2017 Indigo reported they had their best financial quarter ever and generated over $433.3 million in sales, which is an 8.2% increase over the same period in 2016.The Canadian chain attributed the sales gain to double-digit growth in its … [Read more...] about Indigo Books and Music is on a Rampage
Kobo is finally selling e-readers in the US via Walmart
Kobo has ironed out a deal with Walmart to sell audiobooks, e-readers and ebooks in the United States. Customers will be able to buy devices in all of the retail locations and ebooks later this year. Walmart and Kobo will also launch a co-branded e-reader app. This is the first time that Kobo has cracked the US market since 2011 when Borders went bankrupt.Borders was one … [Read more...] about Kobo is finally selling e-readers in the US via Walmart
Print Sales Evened Out in 2017
Print sales have evened out in 2017 and unit sales of books increased by a paltry 1.9% last year, which is slightly less than annual growth rates of 3% posted between 2013 to 2016. The low growth is primarily attributed to the adult coloring book sector flatlining and there was no breakout beseller such as Harry Potter and the Cursed Child. Big blockbusters are both a blessing … [Read more...] about Print Sales Evened Out in 2017
Waterstones Reports an 80% in profit
Waterstones is one of the most popular bookstore chains in the United Kingdom and they have just reported an 80% jump in profits in 2017. Last year’s sales were boosted by successful children’s books, such as J K Rowling’s Harry Potter and the Cursed Child and children titles by David Walliams. Non-book items, such as greeting cards, stationery and educational toys, also … [Read more...] about Waterstones Reports an 80% in profit
New York Times Releases New Star Wars Book
There plenty of introspectives or history books about Star Wars, but the New York Times has done something different. The newspaper has just released a coffee table book called In a Galaxy Far, Far Away and it compiles most of the publications’ coverage on the franchise.The book begins with a 1973 feature about George Lucas, which revealed that he was working … [Read more...] about New York Times Releases New Star Wars Book
Here are the top books to watch at Barnes and Noble in 2018
Barnes and Noble has just released a comprehensive list of the biggest titles that are going to be released in 2018. The books range from the uplifting and insightful, to the dark and mysterious. “The books that end up being the hottest of the year can sometimes be a surprise, as the clamor for Fire and Fury reminded us at the start of 2018,” said Liz Harwell, Director of … [Read more...] about Here are the top books to watch at Barnes and Noble in 2018
Canadian Print Book Sales Decline in 2017
Canadian book sales declined 4% in 2017 and this is primarily due to consumers continuing to purchase audiobooks and ebooks in greater numbers. Overall, Canadian book buyers purchased 51.5 million print books for just over $1 billion in 2017. Of these, 40% were Juvenile (including Young Adult), 32% were Non-Fiction, and 26% were Fiction, which shows minor gains for Juvenile at … [Read more...] about Canadian Print Book Sales Decline in 2017
Barnes and Noble Stock Hits a 20 Year Low
The Barnes and Noble stock hit a 20 year low last week when it hit $4.95 per share and then rallied to just over $5.00 the very next day. Investor sentiment is very weak since the bookseller announced lacklustre holiday sales.In the first week of January Barnes and Noble announced that holiday sales were $953 million, declining 6.4% as compared to the prior year. Comparable … [Read more...] about Barnes and Noble Stock Hits a 20 Year Low
HarperCollins eBooks will become cheaper in Canada
HarperCollins has reached an agreement with the The Competition Bureau to donate $150,000 worth of books and restore retail pricing. The outcome follows a bureau investigation that concluded an anti-competitive arrangement between HarperCollins and other major publishers who colluded with Apple to drive up prices.The bureau said the consent agreement with HarperCollins … [Read more...] about HarperCollins eBooks will become cheaper in Canada
Harry Potter Book Night is February 1st 2018
The Harry Potter Book Night is an annual event where bookstores and libraries celebrate all things Potter. The thrilling theme this year is Fantastic Beasts, the original cornucopia of mythical creatures, which sit at the very heart of the Harry Potter stories. There is a digital signup sheet if a library or school wants to host their own shindig and an interactive map that … [Read more...] about Harry Potter Book Night is February 1st 2018
AbeBooks is removing ebooks from their marketplace
AbeBooks has announced that starting in February they will no longer carry ebooks or other digital content in their online marketplace. They will solely focus on physical books, art, and collectibles going forward. Merchants who have ebooks, recipes and other digital goods have to remove them from their inventory by February 6th.The elimination of ebooks and PDF files will … [Read more...] about AbeBooks is removing ebooks from their marketplace