Even as holiday sales volume picks up in the UK, as compared to last year sales are consistently down 4 percent or more. According to Nielsen Bookscan figures, total expenditures for the four weeks ending November 15 were down 4.1 percent, while unit sales declined 4.5 percent. For the recent week by itself, total spending dropped 3.9 percent compared to last year.Bookseller
UK
Ricci Takes GG as Hage Is Shut Out; Costa Gives Barry Second Chance
Nino Ricci won Canada’s Governor General’s award for fiction for his just-published novel ORIGIN OF SPECIES, and journalist Christie Blatchford won the non-fiction award for her book FIFTEEN DAYS: Stories of Bravery, Friendship, Life and Death from Inside the New Canadian Army. (Both titles were edited by Doubleday Canada Editorial Director Martha Kanya-Forstner.) Rawi Hage’s COCKROACH was the only work of fiction nominated for all three of Canada’s top fiction prizes, but failed to win any of the top honors. Click below for all 14 Governor General winners (with prizes for writing in both English and French).CBC In the UK, […]
WH Smith Sales Slide
British-based retailer WH Smith issued a short trading update for September 1 through November, when same-store High Street sales fell 4 percent. They added: “Whilst we remain cautious about the consumer environment and anticipate competitive trading in our markets over the key Christmas period, we have planned accordingly, and the current financial year has started as we expected.” In other UK financials, sales at Canongate for calendar 2007 declined almost 4 percent, down to 7.8 million pounds from 8.1 million the year before, while pre-tax profits fell sharply to 271,000 pounds, 60 percent decline from the year before. The company’s […]
Barnsley Looks Ahead
Harper UK ceo Victoria Barnsley gave a speech called Media’s Last Diehard? at the London School of Economics last night. Improbably, though it has taken 10 years for online sales of physical books to comprise 12 percent of sales at HarperCollins, she speculated that “within say 10 years more than half our sales will come from digital downloads.” She acknowledged that territorial rights will be “pretty hard to police” if ebooks become that prevalent and “also said it would be difficult to establish a profitable pricing model when most consumers are used to free digital content.”Bookseller
Company News: Lulu Layoffs; Harper Studio UK; and More
Lulu.com is laying off 24 employees, almost a quarter of their workforce of 100. The reductions include recently-hired president Bryce Boothby Jr. and European vp Cristel Lee Leed. The company plans to relocate its headquarters from Morrisville, NC to Raleigh within the next few months. CEO Bob Young tells NewMediaAge “with the credit and capital markets frozen solid Lulu couldn’t continue burning through money at its previous pace. We’re very disappointed…. we were forced into a position of having to cut costs.” Bob Miller’s Harper Studio has made an agreement with Harper UK to provide for direct publication in the […]
Concerns Remain Over UK Suppliers
Despite boisterous remarks made by the managing director of UK wholesaler Bertram’s in The Bookseller, concerns remain about both Bertram’s and corporate sibling EUK, due to the financial troubles of parent company Woolworth’s. The founder of Amstrad computers Alan Sugar is reported by the Telegraph to have acquired a four percent stake in the company’s shares, which have fallen 80 percent in a year. Datamonitor says: “Retailers across the entertainment industry are thought to be increasingly concerned with the financial health of the market’s dominant wholesaler, EUK. The worries surrounding EUK’s parent, Woolworths Group, based on the deterioration of its […]