UK-based retailer WH Smith remains “clear and consistent” in their strategy and results, showing a regular modest decline: Sales for the six months ending February 29 of £256 million were down by £10 million (just under 4 percent) and profit of £22 million was down by £2 million. They will be expanding an in-store boutique initiative with Toys ‘R Us, adding 30 store-in-stores by the end of the year, and they continue to make clear that their flexible lease portfolio leaves them willing and able to close locations if they don’t like the terms: “We only renew a lease where […]
Distribution: Frank Miller Presents
Comics publisher Frank Miller Presents will create graphic novels that will be distributed by Abrams’ new Kana imprint, which is led by Abrams ComicArts publisher Rodolphe Lachat.
People 4/24
Norton Sues Follett For Millions In Unpaid Sales
W.W. Norton filed suit last week against Follett Higher Education Group in the US District Court for the Southern District of New York, alleging that Follett owes them over $8 million. The complaint asserts that Follett, which runs college bookstores and sells Norton books, has “failed to remit timely payment on both digital and print sales and currently is many months delinquent on its obligations,” this “despite mulitple demands for payment.” The full amount owed at time of filing was “at least” $8,337,126, with an estimated additional $914,000 due by April 30. The suit states that per the agreement between […]