At Least One Publisher Is Advising Booksellers to Order From Ingram, Not Direct, For Holiday Sales
In a letter to booksellers, American Booksellers Association ceo Allison Hill detailed the supply chain challenges that will affect stores this holiday season. In addition to the issues with Canadian paper sourcing, fuel price increases due to the war in Iran, and the closure of the Coral Graphics plant (all of which were reported by PL earlier this month), Hill cites “difficulty hiring warehouse workers due to the labor shortage, ICE in communities, Amazon’s relentless hiring machine” as well as “the first full season without Baker & Taylor, meaning Ingram will be carrying a full load of libraries and bookstores […]
People 10/29
Reese Witherspoon’s Book Club
B&T to Liquidate the Assets It Has Left
Creditors will soon be able to vote on Baker & Taylor’s liquidation plans after the company abruptly closed down last year and filed for bankruptcy in March. As suggested when they filed, the company has scant assets to distribute — about $1.8 million in cash and various accounts, according to a filing in New Jersey bankruptcy court — and debts of over $106 million. They have about $60,000 in inventory, “but substantially all of the inventory is subject to claims of suppliers and asset purchasers,” so the “likely value of the inventory to the estate, net of such claims, is […]