Amazon’s next move in the California sales tax battle is to support an effort to revoke the new law that makes online retailers with affiliates or subsidiaries subject to sales tax through a voter referendum. In the first phase, they will need over half a million signatures from voters by the end of September to get on the ballot. But it’s not clear that overturning the new requirements would hold much appeal for individual voters beyond the 25,000 or so revoked affiliates in the state, since earlier California law requires individuals to pay sales for their online purchases, whether or […]
Bookstores
Landlords Ask Judge to Slow Final Decisions on Borders
You can be forgiven for finding a measure of comedy in each hurry and up wait stage of Borders’ bankruptcy proceedings. Just a few weeks ago Borders was lamenting that their inability to negotiate deadline extensions from landlords was going to force the early closure of some of their “profitable” stores. Now we’ve gone full circle, with multiple landlords complaining about Borders’ rush to finalize an auction of the company, starting with the stalking horse bid from Najafi, or liquidate almost as quickly. The new slow of motions was not unexpected–yesterday was the stipulated deadline for landlords to object, and […]
Briefs: Indigo Changes Product Mix and Plans Speedier Returns; Pan Mac Earnings; and More
Starting this fall Indigo will add more shelf space for giftware, toys and lifestyle products while cutting back on space for books. And at a vendor-relations meeting last week, the chain also reportedly informed suppliers it will evaluate book sales after 45 days and return underperforming titles soon after. The change in plans has Canadian publishers worried about supply chain inefficiencies and the potential expense of having to push back publication dates to take advantage of holiday sales. Quill & Quire Pan Macmillan offers a numbers-free earnings update for the first 24 weeks of the fiscal year, ending July 8. […]
Riggio Returns Malone’s Praise, and BN Stock Rises
After John Malone’s praise for Len Riggio and Barnes & Noble from Sun Valley, ID, Riggio added similar remarks yesterday, saying he “couldn’t think of a better partner than John Malone and a finer group of executives than the team at Liberty.” The combination lifted Barnes & Noble shares back to well above Liberty’s opening offer of $17 a share in yesterday’s trading. The stock had dropped as low as $16.35 in late June after reporting continuing losses in establishing Nook, but rose yesterday to close at $17.85. A WSJ blog grasps at straws a bit to suggest that Riggio […]
The August 2011 Indie Next List
1. Iron House, by John Hart Unsaid: A Novel, by Neil Abramson The Family Fang: A Novel, by Kevin Wilson The Call: A Novel, by Yannick Murphy Ready Player One, by Ernest Cline Rules of Civility: A Novel, by Amor Towles Plugged: A Novel, by Eoin Colfer The End of Everything: A Novel, by Megan Abbott The Autobiography of Mrs. Tom Thumb: A Novel, by Melanie Benjamin Among the Wonderful, by Stacy Carlson The Adjustment, by Scott Phillips Next to Love: A Novel, by Ellen Feldman Domestic Violets: A Novel, by Matthew Norman Girls in White Dresses, by Jennifer Close […]
Bookselling: Malone on BN; BA Objects to Amazon/Book Depository, WHSmith Store Comps Decline
Attending the Allen & Company conference in Sun Valley, Liberty Media ceo John Malone spoke publicly about the potential Barnes & Noble buyout for the first time since the possible merger was announced back in May. “It would be a bit of a flier for us, on whether or not Barnes & Noble can play competitively with the likes of Apple and Amazon in the digital transformation,” he said. “That’s really the bet.” Malone characterized the steep decline in brick-and-mortar bookselling as akin to those who survive a smallpox epidemic: “If you’re still alive, well, maybe you got a chance […]