In November, sales at general retail stores were estimated in a range of up 1% to down 0.3% compared to the same month a year ago, when sales fell between 7% and 8% compared to November 2007, according to the New York Times and Wall Street Journal.
"November's results were worse than October's and weaker than analysts were expecting," the Times said, adding that consumers "teetered between optimism about signs of economic recovery and fears about the job market and home values."
Bill Dreher of Deutsche Bank Securities told the Times, "We knew it was going to be a nail-biter Christmas. But it's going to be worse than we imagined."
In response to the disappointing figures, the Journal predicted that many retailers will offer "broader discounts before the end of the holiday shopping season . . . though no one expects a return to the extremes of last year's inventory markdowns."
Most discount stores did well. At Costco, sales at stores open at least a year rose 6%. TJX, which includes Marshalls, rose 8%. Kohl's was up 3.3%. Target, however, slipped 1.5%.
Department stores fared the worse. Macy's comp-store sales dropped 6.1%, and Penney's was down 5.9%. Luxury department stores had huge drops, including Saks, down 26.1%, and Neiman Marcus, off 12.7%.
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Amazon.com has begun a Textbooks Trade-In program, under which customers may exchange used textbooks for an Amazon gift card. At amazon.com/tradeinbooks, students can search for the books they want to trade. When they find a match, they print out a prepaid shipping label and drop the package in the mail. Once the book is received and verified by a third-party merchant, an Amazon gift card will be deposited into the student's Amazon account. Amazon already has programs like this for used DVDs and video games.
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"Despite the best efforts of the American Booksellers Association and others in the book industry," Sony Readers will not be available for sale in independent bookstores this holiday season, Bookselling This Week reported. Sony had said in August that it was working with ABA and other retailers, as well as publishers, to make the e-readers and a variety of e-books available for sale by now.
"Those plans were derailed by the fact that Sony won't handle direct orders for small quantities," BTW said. "ABA, which has been working nonstop to broker an arrangement that would enable its members to sell eReaders, stressed that it will be continuing its efforts."
Like B&N's Nook, Sony's new Daily Edition Reader is having shipping and fulfillment problems.
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The as-yet-unnamed third book in Suzanne Collins's bestselling trilogy that began with The Hunger Games in fall 2008 and continued with Catching Fire this fall has been set for next August 24. The U.S. hardcover edition (Scholastic, $17.99, 9780439023511) will be released simultaneously with a U.S. audio version (Scholastic, $39.99, 9780545101424).
On July 6, the trade paperback edition of The Hunger Games (Scholastic, $8.99, 9780439023528) will appear.
The first two books in the trilogy have more than 1.5 million copies in print in North America.
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On November 23, Joseph-Beth Booksellers, which has stores in Kentucky, Ohio, Pennsylvania and North Carolina, opened a 5,500-sq.-ft. store on the main campus of the Cleveland Clinic in Ohio, Bookselling This Week reported. This week, a second store, which has 500 square feet of space, will open at one of the Cleveland Clinic health centers.
The Cleveland Clinic stores have 15%-20% books and magazines and 80%-85% gift items, are owned fully by Joseph-Beth and are staffed by Joseph-Beth booksellers.
Co-owner Neil Van Uum told BTW that with the stores, Joseph-Beth aims to "go after more predictive sales, instead of waiting for people to walk in the door. We wanted to get into growing areas, and education and health care are both growing. We're already involved in schools and book fairs. Now we're mining different opportunities to get involved in the health community and hospitals. We talked with Cleveland Clinic, and now we've got a couple of hospital gift shops in our family of stores."
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We're very sorry to note the death of Don Congdon, legendary editor and agent, who died on Monday at the age of 91. The longtime agent for Ray Bradbury, among many other authors, started out in the business as a delivery boy for a literary agency in Manhattan. The New York Times has a detailed obituary.
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Yesterday's Morning Edition on NPR featured "Top Picks from Independent Booksellers." The three offering recommendations were Daniel Goldin, Boswell Book Co., Milwaukee, Wis., Rona Brinlee, the BookMark, Atlantic Beach, Fla., and Lucia Silva, Portrait of a Bookstore in Studio City, Calif.
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Larry Hughes, "book flack, writer," offered a Grouch's Guide to Un-Christmas Books, on Huffington Post. For those not exactly in the holiday spirit, he wrote, "What you need is an un-Christmas book. An un-Christmas book takes place at Christmastime, but its tone, story and subject matter have nothing to do with the season. It provides perfect cover when the Noël nags accuse you of being a holiday poop. Simply point to the word Christmas in the text and say, 'See, I'm reading this Christmas book,' and just keep the un- part to yourself."
One example is The Thin Man by Dashiell Hammett. Hughes commented: "Stopping over in New York City for the holidays, Nick and Nora Charles get involved in several murders and a lot of other unpleasantness, while knocking back so many cocktails and highballs that you start thinking maybe there was something to Prohibition after all. Following a night of hard drinking on Christmas Eve, the fun-loving couple is up at 5:00 am to welcome in Christmas with--what else?--Scotch and soda."
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Looking for a recession-minded holiday gift guide? ABC News featured
a "collection of gift books that can help disgruntled job seekers,
downtrodden employees and those pining to work from home."
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Get a Grip on Physics, a layman's guide to physics by British science writer John Gribbin, has had a jump in sales after it was spotted on the floor of Tiger Woods's famously crashed SUV in a widely distributed photo. According to the Wall Street Journal's Speakeasy blog, its Amazon sales rank quickly rose to 2,268 from 396,224.
The best part of the hullabaloo may be a comment by our former colleague Jim Milliot, business and news director at Publishers Weekly: "Anytime a book gets highlighted, you get a spike of a day or two," he said. "It happened when President Bush was carrying some books on vacation. It happened with Obama." When Speakeasy asked if there is an industry term for such a sales boost, he responded, "Dumb luck."
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"Gosh darn, I feel almost as popular as Sarah Palin.
I'm not sure if she would get a standing O in Vermont," said Stephen
King to a crowd of more than 800 fans at an Under the Dome event hosted by the Northshire Bookstore, Manchester Center, Wednesday night.
"You
people who are here tonight, go to Northshire Books, and buy that
sucker out to the walls," King advised the audience. "Any independent
bookstore is a treasure, but this is a very special place to have in
the heart of Vermont."
The Rutland Herald
reported that "King ended by taking a poke at his own fame and how well
he is and isn't known. He said he had been stopped in an Oregon
supermarket by an older woman who told him she recognized him and
didn't respect what he did. 'I like uplifting things like that Shawshank Redemption.'
"I said, 'I wrote that one, too.' She said, 'No, you didn't.'"
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Congratulations to Creekside Books & Coffee, Skaneateles, N.Y., which celebrates its fifth anniversary tomorrow with a performance at the Auburn Public Theater of A Child's Christmas in Wales by Dylan Thomas; a fifth anniversary dedication-poem reading; a tasting of holiday sweet breads and spreads; and a holiday tea and wine tasting. Also on tap: a 15% coupon for books and gifts in the store.
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The bookseller members of the board of the American Booksellers Foundation for Free Expression are urging ABA members to join ABFFE when they renew their ABA dues in December, according to Bookselling This Week. "Booksellers have been calling ABFFE for help for almost 20 years," the letter said. "Your support will ensure that there is always someone there to answer."
General membership in the anti-censorship foundation is $50. Premier members, who contribute $75, and VIP members, who give $100, receive premiums. Besides checking the ABFFE box on their dues renewal form, booksellers can join ABFFE by calling 212-587-4025, ext. 15, or sending a check to ABFFE, 275 Seventh Avenue, Room 1504, New York, N.Y. 10001.
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Spain and Spanish publishing will be the focus of the Global Market Forum at BookExpo America in May. The Forum will host a daylong series of educational conference programs at BEA on Tuesday, May 25. In addition, BEA is working with various literary and cultural institutions in New York City, including the 92nd St. Y, the New York Public Library and the Brooklyn Public Library, to provide programming that will be held outside the convention center and be open to the public.
Sponsors for the Forum include the Ministry of Culture of Spain, the Federation of Spanish Publishers (Federacion de Gremios de Editores de Espana) and the Spanish Trade Commission.