• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register

Publishers Lunch

The Publishing Industry's Daily Essential Read

  • Publishers Marketplace
  • Site Guide
  • Help

Bookselling: Store News, S&S New Store Offer, Bertram’s for Sale

October 26, 2017
By Michael Cader

The manager of the Barnes & Noble in Maui Cindy Mauricio told employees and the media that the store will not be closing at the end of the year after all, based on a conversation with her district manager. A spokesperson for the mall owner did not have any confirmation yet, and the management company says for now that originally it was BN that declined to renew the lease rather than the inverse, as first report.

The Bookworm in Carbondale, IL is up for sale as owners Carl Rexroad and Kelly Rexroad prepare to retire after more than 16 years in business. “If buyers are not found by early 2018, the Rexroads will begin to liquidate the inventory and close the store.”

Simon & Schuster announced a new offer for independent booksellers opening new stores. They will provide special discounts, dating and co-op terms for new indie store accounts and stores opening new locations. Details are available through  field sales director Tracy Nelson.

The business unit that includes UK wholesaler Bertram’s, academic library supplier Dawson Books, and online worldwide bookseller Wordery is up for sale. That decision was announced as parent company The Connect Group reported annual results through August.

They say the board “resolved to divest the books division” after “a strategic review, which determined the business was no longer core to the group’s future direction.” They “aim to find a buyer….within 12 months.”

 

In the meantime, the carrying value of the books division “written down to a fair value less cost to sell of £15 million.” They took charges for amortization and impairment of acquired intangibles charges of £11.2 million.

Filed Under: Bookstores, Finance, Free, International News

sidebar

Primary Free Sidebar

Login


Forgot password
Quick Pass users click here to log in
Get Full Access
The publishing industry's essential daily read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • If or When Amazon Wants to Identify Books Made By AI, Software Detection Companies Say They Are Ready September 29, 2023 Wired
  • Cundhill History Prize Shortlist Announced September 28, 2023 Prize site
  • Nobel for Literature to be Announced October 5 September 28, 2023 NYT
  • With Sales Down 30% on Book Bans, Levine Querido Authors Raise Over $100,000 In Auction September 27, 2023 PW
  • Taylor & Francis to Make Voluntary Separation Offer; Threatens Layoffs to Follow September 25, 2023 Bookseller
  • Rupert Murdoch to Retire from News Corp and Fox Boards September 21, 2023 NYT
  • OpenAI's New DALL-E3 Lets Artists Opt-Out of Future Training; Rejects Request to Mimic the Style of Living Artists September 20, 2023 TechCrunch
  • Another Response to AI-Generated Books: KDP Lowers Limit On Number of Titles You Can Create, "To Help Protect Against Abuse" September 18, 2023 KDP Forum
  • TikTok (and Instagram) Stars Sell Cookbooks September 18, 2023 NYT
  • Actor and UK Harry Potter Audiobook Narrator Stephen Fry Demonstrates How His Voice Was Copied By AI Without Permission September 18, 2023 Deadline
© 2023 Publishers Lunch. All Rights Reserved.