The largest bookstore in Canada is doing quite well and they have zero debt. Earlier in the month Indigo Books and Music released their financial data for the past year and they reported that total revenue increased by $26 million or 2.6% compared to the previous year which was a 53-week reporting period. On a 52-week basis, total comparable sales, including both online sales … [Read more...] about Chapters Indigo Remains Profitable
Bookselling News
Barnes and Noble Stock Continues to Soar – Rumors of Buyout Persist
Barnes and Noble announced their latest financial results on Thursday and their stock rallied 7.85% due to smaller-than-expected quarterly loss. The bookseller reported that total sales were $821 million for the quarter and $3.9 billion for the full year, decreasing 6.3% and 6.5% over the prior year periods, respectively. Comparable store sales declined 6.3% for both the fourth … [Read more...] about Barnes and Noble Stock Continues to Soar – Rumors of Buyout Persist
B&N Nook Sales Decreased by 24% in 2017
Nook sales decreased approximately 24% for both the quarter and the full year on lower content volume, as well as lower device sale. Both, digital content and ecommerce sales benefited in the current year from the Apple eBook settlement and customers using their credits. One thing that was surprising about their latest financial figures was that Nook losses decreased from … [Read more...] about B&N Nook Sales Decreased by 24% in 2017
Things to keep in mind with Barnes and Noble
Barnes and Noble will be releasing their quarterly earnings report tomorrow and there will be a ton of doom and gloom regarding their ailing Nook division and sagging bookstore sales. The company does have a few bright spots that few people consider. Barnes & Noble operates 634 stores in 50 states in addition to its online and digital offerings. Despite its multi-channel … [Read more...] about Things to keep in mind with Barnes and Noble
Amazon ceases to do business with book distributors
Amazon has decided to cut out the middleman and wants to do business with publishers directly. They notified major publishing companies in writing last Friday that it will stop asking Nippon Shuppan Hanbai at the end of June to secure relatively older books if they are out of stock at the time of order. The email stated “Please consider a switch to direct deals” as it will … [Read more...] about Amazon ceases to do business with book distributors
The Power of a Book Tweet
Self-published authors have resorted to "buy my book" tweets for so long that social media is a minefield of useless book commercials. But one purposeful--albeit off the cuff--tweet from an independent bookstore led to an exponential increase in sales. According to Book Web, Carmichael’s Bookstore in Louisville, Kentucky, reached out to author Shea Serrano after he directed … [Read more...] about The Power of a Book Tweet
Charity Bookstore Says “No More Copies of the Da Vinci Code”
A charity bookstore in Wales is swimming in copies of the Da Vinci Code by Dan Brown. Phil Broadhurst, manager of the Oxfam bookstore in Swansea said "We get them every time we're sorting books from our regular weekly deliveries. There's always one, and often three or four, and it's been like that for years." The same bookstore made waves last year when it shared a … [Read more...] about Charity Bookstore Says “No More Copies of the Da Vinci Code”
McDonald’s Canada is giving away free Books with Happy Meals
McDonald's Canada is offering free books with the purchase of a Happy Meal. The company has partnered with children's publisher Kids Can Press to do this, which means the featured books will be Canadian, including Franklin the Turtle by Paulette Bourgeois and Brenda Clark, Scaredy Squirrel by Mélanie Watt, the beloved Life in the Wild series by Nicholas Oldland and the Dragon … [Read more...] about McDonald’s Canada is giving away free Books with Happy Meals
B&N Announces Summer Reading Campaign for Everyone
Every year Barnes and Noble normally runs a Summer Reading Campaign for children where the bookseller offers kids a free book in exchange for reading eight books over the course of the next few months. It looks like B&N is not content to let the kids have all of the fun and they are launching a new program for everyone. Every Barnes & Noble store in the country has … [Read more...] about B&N Announces Summer Reading Campaign for Everyone
Amazon is going to open a bookstore in Washington DC
Amazon is going to be opening up a physical bookstore in Washington DC and it will be on th this location will be quite large, over 10,000 square feet. The Seattle company has just purchased a lease for 3040 M St. NW in Georgetown, a storefront previously occupied by Barneys New York. Ironically, it will be on the same block as massive Barnes and Noble bookstore that closed in … [Read more...] about Amazon is going to open a bookstore in Washington DC