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Briefs: People, Terms, Awards, and More

by on May 20, 2013 in Booksellers, Earnings Reports, Free, Personnel

As part of Simon & Schuster's move towards what they see as a "globally coordinated, strategic approach to our worldwide ebook business," current vp, business development Doug Stambaugh has been named vp, global ebook market and development strategy, reporting to Dennis Eulau. In the newly created position, Stambaugh will evaluate…

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Sales Rise 22 Percent At Amazon, Though International Media Stalls

by on April 25, 2013 in Booksellers, Earnings Reports

Amazon's sales grew 22 percent to $16.07 billion in their first quarter, as operating income fell to $181 million (down $11 million) and net income dropped more, down $48 million to $82 million in the quarter -- for a margin of just over half of one percent. Though slim, those…

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Bookselling: Northshire to Hire 25 For Saratoga Springs Store; Blackwood & Brouwer to Close; WH Smith Declines Continue

by on April 11, 2013 in Booksellers, Bookstores, Earnings Reports

Northshire Books, which is preparing to open a second store in Saratoga Springs, NY, will announce later today that the store will hire 25 full-time and part-time employees. The Post-Star reports interviews will begin in Saratoga Springs next week, and will continue throughout the spring. Conversely, Blackwood & Brouwer in…

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Extra Week in Fiscal Year Boosts Books-A-Million's Full-Year Sales and Profits

by on March 27, 2013 in Booksellers, Earnings Reports

Books-A-Million reported fourth quarter and full year results Wednesday afternoon, which reflect an extra added week that happens once every six years in the company's reporting cycle. After four straight quarters of sales gains, BAMM saw a small decline (0.8 percent) at $165.6 million compared to a year ago. Same-store…

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Hastings Book Comps Continue to Decline

by on March 18, 2013 in Booksellers, Earnings Reports

Hastings Entertainment reported fourth quarter and full year results Monday morning. For the quarter, the company reported net income of $1.2 million, compared to a loss of $8.4 million a year ago, with an overall loss of $9.3 million, nearly cut in half compared to the $17.6 million the company…

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BN Dismissed Palo Alto Executive

by on March 7, 2013 in Booksellers, Bookstores, Earnings Reports

In Barnes & Noble's quarterly SEC filings, the company included a severance agreement with executive vice president, Operations and Customer Service, Dan Gilbert, who was terminated effective February 1. Gilbert was based in their Palto Alto, CA office. The company has not announced a replacement for Gilbert, and told us in…

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Barnes & Noble Reports Big Q3 Nook Device Losses, Plans "Cost Reduction Program" To Curttail Expenses

by on February 28, 2013 in Booksellers, Earnings Reports

Barnes & Noble's third quarter financial report for the period ending January 26 was not expected to deliver much in the way of good news, Thursday morning's report was in line with those meager expectations. CEO William Lynch reiterated in the investor conference call "we're obviously disappointed that our Nook…

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Results Fall at France's Fnac, As A Spin-Off Is Underway

by on February 20, 2013 in Booksellers, Bookstores, Earnings Reports, International News

PPR Group, the parent of France's largest bookselling chain Fnac, reported 2012 financial results. Fnac's story has been similar to that of big booksellers in other major territories--sales have declined (though they are still substantial, in the billions of euros) and margins have fallen as well, and the owners have…

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Barnes & Noble Warns of Bigger Nook Loss, and Lower Sales than Projected

by on February 13, 2013 in Booksellers, Bookstores, Earnings Reports, eNews

Barnes & Noble continues to suffer--but the pain is coming from their shiny new growth business that isn't really growing that much. The company said after the close of the market on Wednesday that "based on current forecasts" it "now expects its fiscal year 2013 Nook segment EBITDA loss to…

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Indigo Sales Decline On Fewer eReaders and Lack of Hits

by on February 6, 2013 in Booksellers, Bookstores, Earnings Reports, International News

Canada's dominant bookseller Indigo reported a 4.9 percent decrease in sales of $335.6 million for the fiscal third quarter ending December 29. With echoes of Barnes & Noble's holiday report, "the decrease was primarily driven by lower ereader revenues compared to last year," along with a "lack of hit book titles…

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