Barnes and Noble has just hired Demos Parneros as the company's new Chief Operating Officer. He will be reporting to CEO Len Riggio and will be responsible for over 600 bookstores, merchandising, e-Commerce, systems and real estate.Mr. Parneros joins Barnes & Noble from Staples, where he was President, North American Stores & Online. He has 30 years of leadership … [Read more...] about Barnes & Noble Hires Demos Parneros as New COO
Bookselling News
Fantastic Beasts and Where to Find Them Screenplay is Creating Controversy
Fantastic Beasts and Where to Find Them was originally published in 2001 and many booksellers are disgruntled that publishers in Canada, US and the United Kingdom are holding back the original title, because of the screenplay release.  Barnes and Noble, Chapters Indigo and Waterstone's were all hoping to sell the older edition because of the upcoming movie, but are forced to … [Read more...] about Fantastic Beasts and Where to Find Them Screenplay is Creating Controversy
E-Book Sales Decline 20.0% in the first half of 2016
Major publishers in the United States have been experiencing massive declines in e-book sales in the first half of 2016. Sales of eBooks were down 20.0% and generated $579.5 million, which is quite staggering. This is the second year in a row where e-book sales have plummeted, in 2015 eBooks were down 12.7%.E-books continuing to trend downwards is actually good news for the … [Read more...] about E-Book Sales Decline 20.0% in the first half of 2016
British Columbia Bookstores Can Now Apply for a Liquor Licence
Bookstores in British Columbia can apply for a liquor licence starting Jan. 23, 2017. Indie bookstores will be able to serve wine and spirits to customers and even stage after hours events. The BC government is hoping this new policy will provide new opportunities for manufacturers such as craft breweries and wineries to sell their product.“One of government’s goals is to … [Read more...] about British Columbia Bookstores Can Now Apply for a Liquor Licence
Hachette e-Book Sales Decline by 1.1% in Q3 2016
The Hachette Book Group has just released their 3rd quarter financial results and they have said that worldwide sales were €675 million or $734 million US. They also mentioned during their report that e-book sales accounted for 6.8% of their global revenue, compared to 7.9% in the third quarter of 2015. If we break down the percentages, this means the publisher generated €46 … [Read more...] about Hachette e-Book Sales Decline by 1.1% in Q3 2016
Chapters/Indigo Sales Have Increased by 5.4% in Q2 2016
Indigo Books and Music has reported that sales have increased by 5.4% for its second quarter ended October 1, 2016. The bookseller proclaimed that revenue growth was driven by their general merchandise business, and growth in the core book business enhanced by the release of Harry Potter and the Cursed Child. Revenue for the quarter was $216.9 million, up $11.2 million from … [Read more...] about Chapters/Indigo Sales Have Increased by 5.4% in Q2 2016
HarperCollins e-Book Revenue Declines in Q1 2017
HarperCollins has experienced non-stop declines in their e-book revenue for the past year. The publisher has reported that they have garnered $74.8 million in audiobook and e-book sales in Q1 2017 and the same time last year the same digital content brought in $78.4 million.In the latest quarterly filings News Corp did not go into great detail about their HarperCollins … [Read more...] about HarperCollins e-Book Revenue Declines in Q1 2017
UAE Passes New National Reading Law
The United Arab Emirates is getting serious about reading and president Sheikh Khalifa Bin Zayed Al Nahyan has just enacted a National Reading Law to make it happen. It will be the first law in the world to promote reading as a lifestyle choice and to create a nation of readers.The publishing industry will be the key beneficiaries of this new law. Books will be treated as a … [Read more...] about UAE Passes New National Reading Law
E-Book Sales Decline in the United Kingdom
Publishers having control over e-book pricing has been a resounding failure in the United States over the course of the past few years, but this is not the only market to see a consistent decline in revenue. The United Kingdom has also been experiencing lackluster sales, as readers are buying less.According to the UK Publishers Association digital sales have declined 7% … [Read more...] about E-Book Sales Decline in the United Kingdom
Amazon Bookstore gives Prime Members Discounts on Books
Amazon has implemented a new policy in their physical bookstores, Prime members get a discount on books they purchase, while everyone else pays the list price. The savings will certainly add up for people who frequently buy the latest release.Books in the Amazon bookstore do not have a price on them. In order to find how much a book costs you will have to visit the cashier, … [Read more...] about Amazon Bookstore gives Prime Members Discounts on Books
Here is the New Amazon Bookstore in Portland
Amazon has just opened a brand new bookstore in the Washington Square Mall in Portland Oregon. This location is only 7,800 square feet, which is larger than some independent bookstores but much smaller than a typical Barnes & Noble. One of the great things about the Amazon experience is that all of the books are faced up, so you can really be sold on the cover … [Read more...] about Here is the New Amazon Bookstore in Portland
Barnes and Noble Pays Former CEO $4,825,600 in Severance
Barnes and Noble has agreed to pay former CEO Ron Boire $4,825,600 in severance. Ron will be forfeiting all of the equity awards that were granted to to him. He was granted 368,098 sign-on restricted stock units when he first took the job on September 8, 2015 and the 143,540 restricted stock units and 143,540 performance-based stock units granted to him on July 14, 2016.Ron … [Read more...] about Barnes and Noble Pays Former CEO $4,825,600 in Severance
Chapters Indigo Announces the Best Books of 2016
It is almost the end of the year which means every bookseller and online retailer will be announcing their best books of 2016 lists. This is primarily done to draw attention to books you might have missed during the year, but also serve as a buying guide for the upcoming holidays. Today, Chapters/Indigo has just announced their list and it is spearheaded by by Canadian author … [Read more...] about Chapters Indigo Announces the Best Books of 2016