News Shorts
Staff -- Publishers Weekly, 2/26/2001
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Staff -- 2/26/01 Disney Exec Named Prez of B&N Stores | Marsalis, Welch, Feiffer Highlight BEA Speakers Disney Exec Named Prez of B&N Stores
In his new post, Berry will oversee all operations for B&N's superstores and mall stores plus all buying, merchandising and inventory management. Berry will report to Alan Kahn, chief operating officer of B&N. According to a company memo, Berry's position provides for even greater integration between buying and the company's field organization. Also last week, B&N said that preliminary figures show that total bookstore sales were $3.55 billion for the fiscal year ended February 3, 2001, an increase of 8.9% over fiscal 2000. The company projected that bookstore sales in the current fiscal year will increase 6.4%, to an estimated $3.78 billion. During the year, B&N plans to close 40 B. Dalton outlets and open between 40 to 45 superstores. Last year's sales growth was led by B&N's superstores, where revenue rose 12.3%, to $3.17 billion, with comparable superstore sales rising 4.9% in the year. Overall sales at B. Dalton stores fell 12.6%, to $372.2 million, in the same period; B&N attributed the decline to the closing of 61 stores and to a drop in comparable-store sales of 1.7%. Marsalis, Welch, Feiffer Highlight BEA Speakers
The Children's Book and Author Breakfast on Friday, June 1, will feature Sharon Creech (A Fine, Fine School and Love That Dog, HarperCollins/Cotler); Jules Feiffer (I'm Not Bobby, Hyperion/Di Capua); and Jack Prelutsky (Awful Ogre's Awful Day, Greenwillow). The author breakfasts on Saturday and Sunday, June 2 and 3, will feature Marsalis (Jazz in the Bittersweet Blues of Life, Da Capo Press); Peter Mayle (French Lessons, Knopf); John Welch (Jack: Straight from the Gut, Warner); David McCullough (John Adams: A Biography, S&S); Quincy Jones (Q: A Biography, S&S); and Isabel Allende (Portrait in Sepia, HarperCollins). Among the authors who will speak at the literary lunches are Vernon Jordan, David Halberstam, Naomi Wolf, Joyce Carol Oates, David Schickler, John Edgar Wideman and Sebastian Junger. The Audio Book and Author Tea will feature James Patterson, Robert Crais, Jacquelyn Mitchard and Bill O'Reilly. Next year's BEA will be held in New York City from May 3-5. Bookstore Sales Rise 9%, to $15.3 Billion Restructuring at RH Kids
Françoise Bui has been promoted from executive editor to the recently formed position of publishing director of Doubleday Books for Young Readers. The imprint will now focus its efforts exclusively on picture books. Wendy Loggia will be publishing director of media services, overseeing paperback series and media-related projects, including movie tie-ins. She had been a senior editor. Karen Wojtyla has been named to the new position of publishing director of global projects. Formerly exective editor at Delacorte, Wojtyla will seek to acquire book projects from as-yet-untapped areas of the world, including Eastern Europe, the Middle East and South America. Wojtyla will also continue to edit books for Delacorte. In addition, Diana Blough has been named to the new position of director of trade title development. Formerly director of new business development, Blough will now act as a liaison between the editorial groups and the sales department. She, along with all of the publishing directors, will report directly to Horowitz. Taylor & Francis Buys Gordon and Breach T&F CEO Anthony Selvey said the purchase "is consistent with our strategy of expanding our scientific, academic and professional books and journal publishing through acquisitions and organic growth." In recent years T&F has acquired 16 companies, eight since 1998. With estimated revenues for 2000 of £114 million ($182 million) and profits of £24.5 million ($39 million), T&F publishes 550 journals and has a backlist of 20,000 books. InterTrust Buys PublishOne
Launched in 1999 by L vner, PublishOne (www.publishone.com) publishes and distributes business and professional information via the Internet. PublishOne offers publishers flexible and secure DRM (digital rights management) software that allows its customers to set variable restrictions on the access and pass-along of their digital content. The company partnered with Adobe Systems to support the secure distribution and sale of content in the PDF file format. Prior to the acquisition, InterTrust (www.intertrust.com) was also a PublishOne partner. InterTrust, based in Santa Clara, Calif., developed and licenses a well-regarded, general-purpose DRM technology; it also initiated the MetaTrust Utility, an international network of InterTrust e-commerce partners using its technology. David Ludvigson, president of InterTrust, said the deal "significantly expands our presence in publishing. PublishOne brings us an outstanding customer base as well as invaluable expertise in developing and delivering an end-to-end DRM service." Alibris Acquires Classicforum.com Alibris (www.alibris.com), which sells directly to consumers, retailers and wholesalers on a private-label basis, opened a London office in July 2000 and has forged alliances with companies outside the U.S., including Canadian retailer Chapters, now owned by Indigo. Alibris president and CEO Martin Manley told PW that expanding globally is one of the company's key strategies. "That's what allows us to scale this business," he said.
Thomas Nelson is looking to divest Ceres, its candle manufacturer and marketer, in a bid to improve the results in its troubled gifts division. The company took a one-time charge of $5.7 million in the third quarter ended December 31, 2000, for classifying Ceres as a discontinued operation, a move that resulted in a net loss of $5.1 million in the most recent quarter, compared to net income of $2.8 million in the third quarter of fiscal 2000. Income from operations was $498,000, compared to $2.7 million last year, while total sales for the third period rose 17.8%, to $72.7 million. Although sales in the gift division increased 14.4%, to $18.3 million in the quarter, revenues "were far below our expectations," company chairman Sam Moore said, adding that the division lost money in the quarter and in the first nine months of the year. Nelson, which hired Fran Salamon to run its gifts division late last year (News, Dec. 4, 2000), is searching for strategies to turn around the unit's performance and has already implemented a reduction in its number of product offerings. On the publishing side, sales were up 19% in the quarter, to $54.4 million, with Bible sales particularly strong. Sales of electronic reference products also continue to show steady gains, Moore said. For the first nine months of the year, the company had a net loss of $1.3 million, with sales up 15.1%, to $221.7 million. Carroll Leaves Carroll & Graf C&G was founded in 1983 and in 1999 was sold to Avalon Publishing, a division of Publishers Group Inc. Susan Reich, president of Avalon, said, "I appreciate the contribution Kent has made in publishing a quality list. We look forward to building on the strong editorial base that Kent and Herman have established." Paris's Salon Expanding Reach A good day to show up would be Monday, March 19, when the doors open only for professionals. The Salon's chief asset is the presence of just about every publishing house in France--Paris and the provinces, sci-tech and professional as well as trade--together with publishers from other French-speaking countries and those who regularly trade with France. In all, over 500 booths have been booked on over 500,000 square feet of exhibition surface at the Porte de Versailles fairgrounds. Some 30,000 professionals are expected--principally booksellers, librarians and educators--and upwards of 235,000 visitors, who can buy books at the stands and take them home. This year's Salon will feature an e-book seminar primarily European in scope, but the list of 60 speakers contains the usual suspects from the U.S. Germany is this year's spotlight country, and German publishers and their official and semipublic institutions are mounting an impressive show. New Rivers Press Shuts Down Specializing in regional authors and new and emerging titles, New Rivers had published more than 300 titles, including early works by p t Charles Simic and novelists Charles Baxter and David Haynes. "A lot of the challenges we faced were the result of industry-wide factors," Bullard said. "But when coupled with some of our other problems, we simply didn't have enough cushion to sustain blow after blow. New Rivers has always operated near the edge--that's the nature of small press publishing--but without big marketing budgets, it's difficult to sell regional and emerging writers, and we were reluctant to change our mission." Bullard is exploring possible partnerships with other nonprofit publishers, and she said that the press's first priority is to help its authors currently under contract to find publishers for their books. BOMC '99 Loss: $18 Million Cousens to Join Wiley Obituary: Edward E. Fitzgerald
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