Chapters Indigo did not have a good holiday season, which is the pivotal time of year that they traditionally sell the most books. For the 4th quarter of 2019, revenue was $383.7 million, which was $42.3 million less than same time last year. Total comparable sales, including online, decreased 10.5%. Comparable retail store sales for the quarter decreased by 10.1% in … [Read more...] about Indigo Books and Music continues to bleed money
Bookselling News
Bookstore sales plummeted 5.7% in 2019
Bookstore sales in the United States fell 5.7% in 2019 and the entire sector made $10.0 billion, down from $10.6 billion in 2018. These estimates stem from the latest report from the U.S. Census Bureau. With the exception of I Know Where the Crawdads Sing, there was no huge bestseller in 2019 and many retailers complained about the lack of a breakout hit during the holiday … [Read more...] about Bookstore sales plummeted 5.7% in 2019
Barnes and Noble is not going change anything for the Holiday Season
Barnes and Noble is going to be marketing their books and setting up display areas the way they always have. The new CEO James Daunt wanted to make grand, sweeping changes, but this year all of the holiday books and display stands have already been purchased and in a comment to Good e-Reader he said “we’re executing someone else’s plan.” Sales of books have not been … [Read more...] about Barnes and Noble is not going change anything for the Holiday Season
Indigo CEO slams Amazon as anti-competitive
Chapters Indigo CEO Heather Reisman slammed Amazon for being anti-competitive on so many levels. She said in an interview with BNN that “I think Amazon is anti-competitive on so many levels. They knock off products directly. You cannot deal in a world against Amazon.” While Reisman looks to expand and transform her business, she says Indigo isn’t trying to compete with the … [Read more...] about Indigo CEO slams Amazon as anti-competitive
2 Polish publishers launch Inverso, an audiobook and ebook store
Two of the largest Polish publishers have just launched an online bookstore that sells audiobooks, ebooks and print titles. Prószyński i S-ka and Czarna Owca have just unveiled Inverso, which gives Polish readers a chance to buy all of the titles they are offering, with minimal friction. Prószyński publishes popular Polish writers, including Katarzyna Puzyńska, Maria … [Read more...] about 2 Polish publishers launch Inverso, an audiobook and ebook store
September was a great month for audiobooks, ebooks and print sales
This past September was a great month for books. Overall publisher revenue for the month was $1.54 billion, an increase of 8.4% as compared to September of 2018. Total sales in 2019 so far were $11.4 billion, an increase of 4.0% over the same period last year. Paper formats once again dominated Trade, accounting for $588.1 million, or 75.2% of the category’s $782.2 million … [Read more...] about September was a great month for audiobooks, ebooks and print sales
Audible and B&N Lawsuits making waves in the digital publishing world
There are a myriad of lawsuits currently transpiring and could decide the fate of many digital publishing initiatives. The first is a bloody affair between Barnes and Noble and former Demos Parneros who was fired for different reasons, depending on who you talk to. The official reason was sexual harassment, but Demos claimed he was fired because B&N founder Len Riggio … [Read more...] about Audible and B&N Lawsuits making waves in the digital publishing world
Here is a comprehensive list of the bestselling books of the year
There are three months until Christmas and publishers are hoping to capitalize on a lucrative holiday season. Everyone is going to be issuing their best books of the years lists, in the hopes that they will satiate your literary thirst. When it comes down right down to it, the most popular books are the ones that sell. Good e-Reader has attained the most recent data from NBP … [Read more...] about Here is a comprehensive list of the bestselling books of the year
Indigo Books is launching Plum Plus subscription program
Indigo Books and Music is the largest bookselling chain in Canada and they are launching a new $39 per year subscription program for Plum Members, called Plum Plus. Plus subscribers will have access to several perks, including free shipping, a 10% discount on almost everything at Indigo, Chapters, Indigospirit and Coles stores, and VIP access to promotions and events. The … [Read more...] about Indigo Books is launching Plum Plus subscription program