Notes: Reich Returns to PGW; Bookworm Inches Forward
Susan Reich, currently president and COO of the Avalon Publishing Group, is joining PGW as president, effective July 30. (Avalon is a major PGW client and is owned now, like PGW, by Perseus Books Group.)
Reich is no stranger to PGW: from 1990 to 1995, she was the
distributor's v-p of marketing. Before that, she worked 15 years for
HarperCollins, Random House and S&S, and earlier worked for several
booksellers: Waldenbooks, Brentano's, Classic Bookshop and Kroch's
& Brentano's. During the next several months, she will work with
outgoing PGW president Rich Freese.
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The trailer for Powell's Books's first Out of the Book film--focusing on Ian McEwan and his new book, On Chesil Beach--can be viewed online. So far, the film will be screened at some 54 locations across the country.
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Canadians are buying more books for less money. The Toronto Globe and Mail reported that during the past year, "retailers have seen their prices drop as much as 20 per cent as publishers repriced their products in line with a stronger loonie versus the U.S. dollar."
Heather
Reisman, CEO for Indigo Books & Music, said, "We have sold many
more units of books. That means people are reading." The company's "fourth-quarter same-store superstore sales increased 4.4 per
cent, small-store sales 8.5 per cent, and online sales 18.5 per cent." (For full year results, see Tuesday's issue of Shelf Awareness.)
Paul McNally, co-owner of McNally Robinson bookstores and past president of the Canadian Booksellers Association (CBA), said, "Sales are recovering quite strongly in the first quarter. Last year, in spite of the deflationary tendency, we held our own. Obviously that means more units [sold] at a lower price . . . We cover three provinces and four stores. Our experience is surely a little representative."
Current CBA president Steve Budnarchuk, who described the book market as "reasonably buoyant," added, "Publishers are making an effort to get prices down on foreign books. It needed to happen." First-quarter sales at Budnarchuk's Audreys Books in Edmonton were "about flat compared with a year earlier."
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Congratulations to the Bookworm
of Edwards, Colo., which is moving this weekend into new digs that have
three times as much selling space and a new café with free wi-fi. The
Bookworm's new nest is in the Ruby Building, an addition to the town's
Riverwalk complex that includes the restaurant/lounge E-Town, Brush
Creek Dry Goods, Lacy's, Bliss Studio and Pamela Ferrari.
Owned by Nicole Magistro and Kristi Allio, the Bookworm closes on
Saturday and reopens on Tuesday--after moving some 10,000
books.
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Joseph-Beth Booksellers will launch a new "Gives Back" customer loyalty program on Memorial Day. As reported by the Cincinnati Enquirer, "Customers who purchase a $25 a loyalty card will be entitled to a $25 meal at the bookstore's bistro, a coupon for another free lunch or dinner on the customer's birthday and a 30 percent discount on newly released books and CDs. Loyalty card holders will also get a $10 gift coupon for every $200 spent on books and a $10 gift coupon for every $200 spent on music."
In addition, Joseph-Beth Gives Back will donate 1% of sales "from the store’s best customers" to the Cincinnati Zoo and Botanical Gardens, the Literary Network of Cincinnati, Enjoy the Arts, WVXU-FM or WGUC-FM.
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Heritage Bookstore and More, "specializing in books by and about people of African descent as well as books from national best-seller lists," opened during March in Upland, Calif. In a Press-Enterprise profile, co-owner Maleta Wilson described Heritage as "a community bookstore where you can come and hang out and feel comfortable."