Prichard Leaving Ingram
Skip Prichard, who oversaw the integration of several different Ingram divisions into what is now known as the Ingram Content Group, will step down as president and CEO June 8. Ingram Content chairman John Ingram will assume Prichard’s duties as CEO.
BAM Results Better
The addition of more than 40 former Borders stores last fall helped lift total sales at Books-A-Million 10.5% in the first quarter ended April 28, to $113.1 million, although comp sales fell 4.2%. Sales of print books in the first quarter of 2012 declined less than expected, the second consecutive period in which that has happened. BAM CEO Terry Finley speculated that rapid growth of e-book sales may be slowing down. The net loss fell to $1.9 million from $3.4 million.
Fifty Shades Trilogy Sells 10M
E.L. James’s Fifty Shades trilogy has sold more than 10 million copies in print and digital in the six weeks since Random House took over its publication and distribution. Published by RH’s Vintage imprint, the series has gone through 60 printings.
Bloomsbury Results Up
Total sales for the fiscal year just ended at U.K.-based Bloomsbury Publishing rose 5%, to £97.4 million, and net income increased 55%, to £3.4 million. In the fiscal year print sales were up 6%, to £78.9 million, and digital sales (which comprise e-book and digital subscription sales) were up 170%, to £5.9 million. North America accounted for £26.1 million of its overall sales.
Mixed Results At Hastings
Hastings Entertainment had a mixed start to 2012 as revenue fell 7% to $115.5 million in the quarter ended April 30, 2012, but net income improved to $833,000 from $413,000 in the first quarter of 2011. Book comps dipped 0.8% in the period.
CDA Relocates To West Coast
Callaway Digital Arts is shutting its New York offices and studio and relocating all of its operations to its San Francisco studio by the summer. The move will affect about 25 employees.
AMP Debuts Kids Comics Line
Andrews McMeel Publishing is launching AMP! Comics for Kids, a line of paperback graphic novel stories aimed at middle-grade readers. The line will begin in August 2012 with five titles including two books by Lincoln Peirce, the creator of the bestselling Big Nate series.