Barnes & Noble Has Mixed Quarter, Lowers Earnings Guidance By Jim Milliot - 11/24/2009
Sales from its general stores fell 2% in the quarter, but rose 9% from B&N.com and the acquisition of Barnes & Noble College Booksellers added $65 million to revenue. Demand for the Nook exceeded expectations, but increased higher production costs and slow retail traffic forced the company to lower earnings expectations.
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Borders Third Quarter Results "Difficult and Disappointing" By Jim Milliot - 11/24/2009
Total sales at Borders Group continued to sink in the third quarter, though the chain did better on the bottom-line. Revenue fell 12.7% in the quarter ended October 31, to $595.5 million, while the loss form continuing operations was cut to $38.5 million from $172.2 million in the third quarter of 2008.
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Barnes & Noble Out of Stock on Nook 11/20/2009
Barnes & Noble is out of stock on the Nook, a note on its Web site said Friday. The company said that it expects to ship the e-reader the week of January 4 for customers who pre-order the device.
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Cooking the Books with Alison Fryer By Lynn Andriani - 11/23/2009
Alison Fryer is managing partner of Toronto’s Cookbook Store, the only shop of its kind in the city of 2.5 million. She co-founded the 800-square-foot store in the city's Yorkville district with her business partner, Josh Josephson, 26 years ago. Fryer talks to PW about business, which is surprisingly good this year; the changes she’s observed in food culture over nearly three decades; and what books she’s excited about this fall.
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BAM Sees Some Positive Signs 11/23/2009
Although total revenue fell 0.6% and same-store sales were off 1.9% in the third quarter, Books-A-Million CEO Clyde Anderson said he was pleased with the results since the core book business stabilized in the period, the key factor in improving the comp sale figure, which was off 4.9% in the second quarter.
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Booksellers Profit from National Bookstore Day 11/23/2009
More than 140 independent booksellers participated in the first National Bookstore Day on November 7, an initiative sponsored by PW to get customers to shop at their local bookstores—and many reported a surge in sales on that day. Better World Books, a bookseller with a store in Goshen, Ind., and a robust online business that funds literacy initiatives, raised about $30,000 for its nonpro...
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Andover Turns 200 by Judith Rosen - 11/23/2009
Other stores may be struggling in today's economy, but Andover Bookstore in Andover, Mass.—the second oldest bookstore in the U.S., after the Moravian Book Shop in Bethlehem, Pa.—has successfully ridden out a number of financial lows to reach its 200th birthday this month. Founded in 1809, Andover Bookstore has had an academic component from the start, supplying textbooks for 231-y...
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