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General Growth CEO "Clarifies" Amazon Comments In the Vaguest Way

CEO of mall operator General Growth Properties Sandeep Mathrani was forced to put out a statement Wednesday afternoon after generating a firestorm of media with his casual reference to Amazon's "goal...as I understand" to open hundreds of physical bookstores. The funny part is that the statement is titled, "General Growth…

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General Growth CEO Casually Claims Amazon Wants to Open Hundreds of Bookstores

Mall owner General Growth Properties claims that Amazon is looking to open hundreds of brick-and-mortar bookstores. The remark came in the company's earnings call with investors Tuesday afternoon. Answering a question about mall traffic, what CEO Sandeep Mathrani actually said was, "And just case in point, you've got Amazon opening…

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Briefs: Italy Investigates Merger, St. Mark's Benefactor Returns, and More

As expected -- albeit on a slow timetable -- Italy's Competition Authority announced last Thursday it has formally opened an investigation into the proposed purchase of RCS Media's book publishing group by Mondadori. (After more than 7 months of negotiation and consideration, the 127.5 million euro sale was agreed to by the…

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PRH Recovers From Systems Outage; ABA Winter Institute Faces Winter Storm

Penguin Random House has been working to overcome widespread systems issues at their Westminster, MD facility since early Tuesday morning that interrupted key internal resources, including order processing, as well as many of the company's web sites. Ironically, the outages aligned with the UK launch of their new consumer-facing website Wednesday,…

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Amazon Expands to Penn, Expected to Acquire French Shipper

Amazon continues to expand in the college bookstore market, announcing another of their "staffed package pickup points" coming to the University of Pennsylvania campus this spring. It will be a 3,558 square foot space, "strategically located" in the university's largest dining commons. Unlike previous pick-up stations at Purdue and UMass, it will…

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Barnes & Noble "Pleased" with Flattish Holiday Sales

Barnes & Noble celebrated a happily mediocre holiday sales season, in a press release reporting on the nine weeks sales of through January 2. Total sales of $1.1 billion were slightly lower, down 0.8 percent, "due to lower online sales and store closures." Same-store sales inched up, rising 0.6% over the holidays.…

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Benjamin's The Swans of Fifth Avenue Leads February Indie Next List; Sepetys Tops LibraryReads List

Melanie Benjamin's newest historical novel The Swans of Fifth Avenue is booksellers' number one pick on the ABA's February Indie Next list. The rest of the list features: Be Frank With Me, by Julia Claiborne Johnson The Yid, by Paul Goldberg Breaking Wild, by Diane Les Becquets Orphan X, by…

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Briefs: Amazon Holiday Stats, Printers Row Drops Print, and More

Amazon's annual holiday release featured a blizzard of whimsical non-statistics about all of the things they sold during the busiest shopping time of the year. Among the ebook-related bits, "the most popular Kindle book purchased on Christmas day was The Snow Child, by Eowyn Ivey." The most gifted Kindle book…

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BN Education Announces Stock Buyback

Now that no one else seems to want its stock since reducing forecasts for the year when reporting quarterly earnings a week ago, Barnes & Noble Education announced that the board has authorized stock repurchases of up to $50 million worth of shares. That has given the company's shares a…

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Shareholders Approve Plan to Take Books-A-Million Private

As expected, Books-A-Million shareholders approved the Anderson family's plan to take the company private in a deal worth $3.25 a share. The transaction is set to close on Thursday, December 10, and, according to BAMM's announcement, the merger agreement was adopted by the stockholders representing approximately 88.3 percent of the…

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