Publisher Abrams launched a new #HELPABOOKSELLER fundraising challenge campaign to benefit BINC (Book Industry Charitable Foundation), looking to raise more than $100,ooo to help booksellers in need. Ceo Michael Jacobs says in the announcement, “As a company, we’ve been focused and committed to taking care of one another during this extraordinary time. We realized that…
Over Half of Barnes & Noble Stores Now Temporarily Closed
After resisting closing stores as much as possible, in recent days Barnes & Noble has been forced to temporarily shutter a number of their stores nationwide by order of local governments. As of late Wednesday morning, BN confirmed to Publishers Lunch that they now “have over 370 temporary store closures.” With a base of 620…
Briefs: People, A PRH Bonus, Sales News, Status Reports and More
At Simon & Schuster, Melissa Hurt has been promoted to telemarketing account manager. Tricia Orlando joins as telesales account manager. She was previously with Norton in the trade sales department. Sharismar Rodriguez has joined Macmillan Children’s as senior art director for Feiwel and Friends, Holt, Roaring Brook Press, and FSG Children’s lists. Previously, she was…
Quarto Reports Lower Sales, Marginal Profit in 2019
Quarto reported unaudited results for the year ending December 31, 2019, with sales of $135.8 million, down 9 percent from $149.3 million in 2018, but they returned to a modest after-tax profit of $2.9 million, compared to a loss of $600,000 in 2019. (Full results have not yet been filed with UK regulators, and no…
LSC Communications Said to Prepare Bankruptcy Filing
As we have been warning, the largest book printer LSC Communications was perched on the verge of bankruptcy even before the economic crisis took hold. On March 4, LSC indicated they had been in “limited default” of their considerable loans since the end of 2019, with a forbearance agreement with their lenders good through May…
Rowman & Littlefield Temporarily Furloughs Their Staff; Scholastic Cutbacks Are Underway
Rowman & Littlefield has furloughed their entire staff of 450 people—”management team and all”– for two weeks, without pay, “with the exception of a skeleton crew working to print books and ship orders,” ceo Jed Lyons confirmed to PL on Tuesday. “As I explained to the team last week,” he told us, “a temporary furlough…