Book Retail articles


Amazon’s 46% Jump in Net Sales Tell Us – No Recession Around Here!

Amazon’s 46% Jump in Net Sales Tell Us – No Recession Around Here! have just announced their financial results for the first quarter of the year – ending March 31, 2010. There will not be too many retailers reporting net sales of +46%! From the media release: Operating cash flow was $2.78 billion for the trailing twelve months, compared with $1.76 billion for the trailing twelve months


Confirmed: GE Capital Secure Term Loan For Borders Group US Survival

Just released on the newswires: ANN ARBOR, Mich., March 31, 2010 /PRNewswire via COMTEX/ — Borders Group, Inc. today announced that it has entered into an amended and restated revolving credit agreement. The new, $700 million senior secured asset-based credit facility matures in March 2014 and replaces the company’s existing revolving credit agreement, which would


Borders US Set To Make Fools’ Day Deadline

Borders Group US are facing D-day on April 1st. A substantial loan of $42.5m secured two years ago from Pershing Square Capital for the refurbishment of retail stores and an IT upgrade is due to be repaid on Thursday, this week. A number of reliable financial sources, including Bloomberg US, are reporting late Tuesday evening that a


Eason Secure Deal For Hughes & Hughes Airport Shops

The future of Hughes & Hughes seven airport bookshops and 120 staff has been secured following a deal struck late Wednesday evening between a Eason, the leading Irish bookshop chain, and the Dublin Airports Authority. This follows on from Hughes & Hughes going into receivership late last week. Hughes & Hughes seven airport shops in


Hughes & Hughes Book Chain Enter Receivership

For any international traveller passing through Dublin, Cork or London City airports, wishing to pick up a book for their journey or holiday abroad—they would be very familiar with Hughes & Hughes bookshops. Hughes & Hughes, in many ways, represented Irish independent book retailing to international consumers and readers. Today, the company entered receivership with


SFWA Remove Amazon Links

The Science Fiction & Fantasy Writers of America (SFWA) announced late yesterday that it was removing all links to Amazon on its website in light of the recent Macmillan dispute. Amazon removed the buy buttons from all Macmillan titles last Saturday following Macmillan’s presentation of new e-book terms to the e-tailer last week. Amazon sell most of their

The Continues Their Look At 2010 and Beyond

This is part two of look at publishing and the book industry in 2010 and beyond. Today’s feature includes the views of Tim Godfray, CEO of the Booksellers Association, Michael Neil, MD of Bertrams, Tim Coates, library campaigner and Roy Clare, CEO of Museums, Libraries and Archives Council. Part one is here. The Independent

The Talks to The UK’s Top Publishing CEO’s

Today in, the CEO’s of the UK’s top publishing houses reflect on the current state of book publishing, the development and impact of digital books, and what their own predictions are in 2010 and beyond. This is part one of an interview did with Peter Field of Penguin, Victoria Barnsley of HarperCollins and Gail Rebuck of