Used Bookstores are Swimming in These…

Used books are a good deal. But apparently there are a good deal of these titles:

Go-Set-a-Watchman_Harper-Lee-199x300

  • POLITICAL TELL-ALLS
  • NONFICTION TITLES MADE INTO MOVIES: Seabiscuit, Unbroken, Marley and Me, The Blind Side, Black Hawk Down.
  • ’80S AND ’90S PAPERBACK HITS: Mary Higgins Clark, Danielle Steel, Sydney Sheldon, Tom Clancy, Nora Roberts.
  • JAMES PATTERSON
  • CHRISTIAN FICTION GREATEST HITS: The Shack, Left Behind, Karen Kingsbury’
  • CHICKEN SOUP FOR THE SOUL
  • COOKBOOK CELEBS
  • GO SET A WATCHMAN BY HARPER LEE
  • A SONG OF ICE AND FIRE BY GEORGE R.R. MARTIN
  • ANGELA’S ASHES BY FRANK MCCOURT
  • THE TWILIGHT SERIES AND THE HUNGER GAMES TRILOGY
  • FIFTY SHADES OF GREY TRILOGY BY E.L. JAMES
  • HEAVEN IS FOR REAL BY TODD BURPO

Read More at Book Riot…

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More Problems for B&N

From

Major publishers have attended meetings with the founder of Barnes and Noble and have voiced their displeasure that the booksellers management team is in a constant state of disarray. They indicated that they have a strong interest in Barnes & Noble running a healthy and stable business, to counteract the clout of Amazon.

Barnes and Noble has gone through five different CEOS since 2013 and the latest was Demos Parneros, who was let go last month. He was terminated without severance in July for violating company policies. The company said at the time that his dismissal was unrelated to issues of financial reporting or fraud, but offered no further guidance. He barely lasted a year.

Read More at Good eReader…

Investment Group Acquires 5.7% Stake in B&N

According to a filing made with the Securities and Exchange Commission, Schottenfeld began buying B&N shares on May 29 and made his most recent purchase July 16, accumulating 4.2 million B&N shares. Schottenfeld paid between $5.32 and $6.57 per share for his stake. B&N’s shares began the year trading at $6.70, and closed at $5.65 per share on July 23.

In its filing, Schottenfeld said it purchased its stake believing B&N’s shares are “substantially undervalued and represent an attractive investment opportunity.” The filing further stated that representatives from Schottenfeld have already talked to B&N about ways to increase shareholder value, and intend to continue to hold discussions with B&N management and its board to review strategic alternatives the company might pursue.

Read more at Publishers Weekly

North American Comics Market Declined 6.5% in 2017

Combined North American sales of graphic novels and periodical comics declined about 6.5% to $1.015 billion in 2017, according to a joint estimate made by pop culture trade news sites ICv2.com and Comichron.

The overall sales decline was due to a 10% drop in the comics shop channel which was somewhat offset by only a 1% decline in sales to the bookstore market, which benefited from continuing growth in sales of children and YA graphic novels. Digital sales were flat.

Read more at Publishers Weekly

Bookstore Sales Rose $741M

Bookstore sales rose from $741 million last May to $745 million in May 2018, according to preliminary estimates released by the U.S. Census Bureau. The $4 million rise in sales amounted to a 0.5% increase year over year.

The small May gain is in keeping with the sluggish start bookstore sales have had in 2018. Through the January to May 2018 period, sales were down 2.1% compared to the same time frame last year, falling from $4.09 billion to $4.01 billion.

Read more at Pubishers Weekly

B&N CEO Fired – no explanation

In a brief statement released late Tuesday afternoon, the retailer said CEO Demos Parneros was terminated for “violations of the Company’s policies.” While not saying what policies Parneros violated, B&N said his termination “is not due to any disagreement with the Company regarding its financial reporting, policies, or practices or any potential fraud relating thereto.” In addition to being fired immediately, Parneros will not receive any severance, B&N said. B&N said Parneros’s removal was undertaken by its board of directors, who were advised by the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP.

 Read More at Publishers Weekly