Notes: Discounters Do Well in Tough Economy
Distorted somewhat by an earlier-than-usual Easter, sales in April rose more than expected compared to April 2007, and not surprisingly discount stores did well, according to reports in the New York Times, Wall Street Journal and other sources. The soaring prices of gasoline and food, the credit crunch, the falling housing market and job losses had an obvious effect.
Concerning evidence that consumers are waiting until payday to spend, C. Britt Beemer told the Times, "I've never seen numbers like this. The numbers of consumers a day who are literally putting everything on hold right now and slowing down is incredible."
General retail sales rose 3.6%, the International Council of Shopping Centers said. Among the strong retailers were discounters Costco, whose sales at stores open at least a year rose 8%, Wal-Mart, up 3.2%, Target, up 3.1% and Kohl's up 3.5%. Some higher-end stores resorted to heavy sales to try to stem the loss of customers, with mixed results.
Sara Barnes, the new owner of Booked for Murder, Madison, Wis., was profiled in the Capital Times and
explained that "living with and caring for her parents for almost a
year, until October 2007" led to her new life as a bookseller.
"I dreamed a 'someday bookstore' in my head--what it would look like, what books I would carry," she said. "I even had a scrapbook I created. Never in my wildest dreams did I think that my someday bookstore would be Booked for Murder."
In what seems destined to be an ongoing feature, today's Ian Fleming update comes from the Guardian, which showcased six covers from Casino Royale editions (including the 1953 original designed by Fleming himself) as well as a Bond quiz to test your 007 IQ.
from a Waterstone's charity auction of 13 "storycards" by well-known
authors "will be donated to English PEN and Dyslexia Action," Bloomberg
reported. Participating authors--including J.K. Rowling, Richard Ford,
Tom Stoppard, Sebastian Faulks, Doris Lessing and Nick Hornby--have all
contributed storycards "written on a blank A5 sheet."
In anticipation of the Beijing Olympics, USA Today noted that "publishers are releasing a slew of new books about China."
In November 2009, Barnes & Noble plans to open a store in Covington, La., north of New Orleans across Lake Pontchatrain. The store will be in the Colonial Pinnacle Nord du Lac lifestyle development at the intersection of I-12 and U.S. Highway 21.
In August, Borders will open another new concept store, a 24,000-sq.-ft. location in Allen, Tex., north of Dallas. The location will be at Watters Creek at Montgomery Farms at Highway 75 and West Bethany Drive.
Mongoose Press, Newton Heights, Mass., is now being distributed to the trade by National Book Network. The company specializes in books on chess.
Effective May 27, Jane Comins will join Yale University Press as publishing and marketing director: art, general interest and electronic publishing. She was most recently associate publisher and executive director of marketing at Hyperion and earlier was senior manager, retail marketing, at Little, Brown.