Australian retailer Booktopia announced commitments to raise $6.5 million from a big new share issuance, with a price of .12 cents per share, which will predominantly be used to fund a new distribution center. The “Next Gen customer fulfillment center” is expected to be operational in late August. “After two years of losses, completing the Next Gen CFC and with the other business improvement initiatives already announced will reset the cost base of the business,” Booktopia chair Peter George said in a release. The company expects EBITDA loss for fiscal year 2023 to be $5 million, compared to a profit […]
New Books Published July 4
This week marks the release of new fiction by Rachel Lynn Solomon and Aaliyah Bilal, while Francisco X. Stork and Melissa de la Cruz publish new YA titles this month. Also out this week are The Librarianist by Patrick DeWitt and The Housekeepers by Alex Hay, both available in our Buzz Books 2023: Spring/Summer collection. 12 works of fiction https://bookshop.org/lists/new-fiction-publishing-july-4 27 children’s/YA titles https://bookshop.org/lists/new-children-s-titles-publishing-in-july From Buzz Books https://buzz.publishersmarketplace.com/ We consult a number of sources in compiling our weekly lists and PM members can see our lists for the coming three months through […]
People 6/30
Katherine Codega has become art coordination associate/ contracts & illustrator liaison at Candlewick.
Third B&N Store Unionizes
Following the successful unionization of stores in Hadley, MA and Union Square, NYC, the Barnes & Noble in Park Slope Brooklyn voted 88 percent in favor of unionizing, after announcing their intent in May. Like the chain’s other locations, the store joins the Retail, Wholesale and Department Store Union. The union now will go into contract negotiation with management, planning to address “continued safety issues amid the rebound of New York City post-pandemic including workplace harassment, substandard pay for the industry below that of independent booksellers, unstable scheduling practices, a lack of structure when it comes to job duties and tasks […]
Boston Globe-Horn Book Awards
The Horn Book announced three 2023 Boston Globe–Horn Book Award winners, as well as six honor books.
USA Today Bestseller List Returns
After editorial layoffs forced USA Today’s Best-selling Booklist to go on hiatus in December 2022, the list relaunched today. Like the old list, the new list will consist of 150 titles in all genres, including self-published books, and combine print and digital sales numbers. Previously, compiling the list was a manual process, but now is automated. A release explains that the list is “based exclusively on sales analysis from U.S. booksellers including bookstore chains, independent bookstores, mass merchandisers and online retailers.” “The relaunch is an automated effort that still uses the same algorithm we already had in place but now […]