Stanley Kunitz, named the U.S. poet laureate at age 95 and winner of
Pulitzer, National Book Award and Bollingen prizes, died on Sunday at
the age of 100. The
Washington Post has an excellent, entertaining appreciation.
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By 2016, e-commerce will probably account for 15% of all retail sales,
up from 2% now, Amazon.com founder Jeff Bezos predicted, in a speech
covered by the
Seattle Post-Intelligencer.
But bricks-and-mortar stores are "not going to go away," Bezos
continued. "We are physical creatures and we like to move around in our
environment. We are not going to ever get to this sort of shut-in stage
that some people were worried about."
Bezos added that online and bricks-and-mortar retailers will make one
another better. "That kind of inherent competition will keep driving up
the standards," he said.
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Advanced Marketing Services has appointed longtime Baker & Taylor
executive Gary M. Rautenstrauch its new president and CEO, effective
immediately. Rautenstrauch spent 22 years at B&T and was president
and CEO from 2001 to 2003, when Willis Stein bought the company.
(Coincidentally the private equity company announced last week it is
selling B&T.) From
August 2005 until this month Rautenstrauch was CEO of Blackwell's Book
Services.
He has a B.A. in accounting and an MBA in finance.
Earlier this month, Bruce C. Myers, who had been president and CEO
since late 2004, resigned abruptly. AMS, which for several years has
been dealing with a serious accounting scandal, supplies books to
warehouse clubs and owns PGW, among its main businesses.
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The Globe Corner bookstore in Harvard Square in Cambridge, Mass., which closed last summer (
Shelf Awareness,
July 10),
has reopened at 90 Mt. Auburn St. in the ground floor of the Harvard
University Libraries building. "It's a great spot," Harriet Carrier,
who owns Globe Corner with her husband, Patrick Carrier, told the
Crimson. "It's better for our business overall."
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In a story in today's
New York Times
about authors holding readings in offices, Scribner publicity director
Suzanne Balaban explained her company's interest in such events by
saying, "It is easier to get people through the eye of a needle into
the
kingdom of heaven than it is to get people into a bookstore at 7
o'clock at night."
In an indication of how popular the approach is, Kim Ricketts, former events and programs coordinator at Seattle's
University Book Store, now coordinates 20 or 30 author readings at
companies and nonprofit groups a month and splits book sales with the
publishers.
Speaking for booksellers, Robert Sindelar of Third Place Books in
Seattle told the paper: "The publisher who decides to do that kind of
event in lieu of a bookstore event is being very short-sighted in terms
of their future in this business. You get the illusion of breaking out
into a new market, but ultimately you are only selling one book."
But apparently at least one event cited by the
Times--Simon Schama speaking at a
Google office in New York City--included participation by a bookstore.
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Anne Pierson Wiese has won the 2006 Walt Whitman Award for her first book-length collection of poems,
Floating City,
which will be published in spring 2007 by Louisiana State University
Press. The winning manuscript was chosen by Kay Ryan from more than
1,250 entries. The Academy of American Poets, which sponsors the award,
will give Wiese a $5,000 cash prize and buy copies of her book for its
members. She will also receive a one-month residency at the Vermont
Studio Center. The runner-up was Kevin McFadden for his manuscript
Hardscrabble.
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Sales at Varsity Group in the first quarter dropped slightly to $2.2
million from $2.3 million and the net loss was $1.2 million as opposed
to a net loss of $500,000. The revenue drop was attributed mainly to a
bookstore management agreement that was not renewed, which was partly
offset by revenue from Campus Outfitters, which Varsity bought last
year.
New president and CEO Mark Thimmig said he plans "to build Varsity into
a more profitable, dynamic business with $500 million in annual
revenues in the next five years." The company began business selling
textbooks online but now focuses on managing online stores for
educational institutions and supplying uniforms to them as well as
businesses.
In related news, Varsity has acquired IQ Digital Studios, a boutique ad
agency that specializes in educational branding, communications,
marketing and e-learning content design and development, particularly
on the Web, from White Hat Ventures. The company also appointed James
M. Craig CFO, replacing Jack
M. Benson, who has been appointed CIO, senior v-p, business development.