Blaming inflation and customer price sensitivity, Indigo Books & Music, Canada's leading book retailer, saw a 12.4% decline in sales for the second quarter ending September 30. Sales fell both at physical stores and online. Continue reading >> [ Source: Publishers Weekly | 2023-11-09 05:00:00 UTC ]
Sales in Amazon's online business fell 4% in the second quarter ended June 30, 2022, to $50.8 billion. Analysts attributed the decline to more people shopping in physical stores as well as an overall slowdown in consumer spending. Continue reading >> [ Source: Publishers Weekly | 2022-07-29 04:00:00 UTC ]
Driven by an increase in its physical stores, sales at Indigo Books & Music increased 17.4% in the fiscal year ended April 2, 2022, over fiscal 2021, rising to C$1.06 billion. Canada’s largest bookstore chain had an operating profit of C$29 million, compared to a loss of C$31.9 million in... Continue reading >> [ Source: Publishers Weekly | 2022-06-08 04:00:00 UTC ]
Online sales jumped 127% at Indigo Books & Music in fiscal year 2021 over FY 2020, partially offsetting a 34% decline in sales through its physical stores. Still, sales dropped 5.5% in the year, and the bookseller's losses deepened. Continue reading >> [ Source: Publishers Weekly | 2021-06-04 04:00:00 UTC ]
Shoppers appear unfazed by a potential recession, tariff uncertainty and an impeachment inquiry in Washington. The National Retail Federation, which released its annual holiday sales forecast Thursday, says retail sales will increase between 3.8 percent and 4.2 percent during the last two months... Continue reading >> [ Source: Advertising Age | 2019-10-03 19:49:51 UTC ]
At China's Asian Bookstore Forum in Xi'an, researchers cited a sharp shift, book sales moving quickly away from physical stores and over to online retail. The post Asian Bookstore Forum 2019: The Retail Context in China Today appeared first on Publishing Perspectives. Continue reading >> [ Source: Publishing Perspectives | 2019-08-23 05:30:19 UTC ]
Under the program, readers who buy PRH books in any format will be able to collect points for purchases made at online or physical stores. After they collect 120 points, customers are eligible to receive a free book. Continue reading >> [ Source: Publishers Weekly | 2019-04-18 00:00:00 UTC ]
Something of a debate is underway in the Russian market, where some see online retail as a key to future sales growth, while major chains are also showing good numbers in physical stores. Editor’s note: Following our pre-Frankfurt interview with Eksmo CEO Evgney Kapyev, reports from Moscow are... Continue reading >> [ Source: Publishing Perspectives | 2018-10-19 00:00:00 UTC ]
The British high street saw a 4% rise in book volume purchases through physical stores last year, while online sales flatlined. However, online retailers continued to grow their market share of the print market with a 1% rise to 32% of volume purchases in 2016. Continue reading >> [ Source: The Bookseller | 2017-03-14 00:00:00 UTC ]
The Dedham, Mass., bookstore, which opened yesterday, is the first of the e-tailer's physical stores to feature a cafe. Continue reading >> [ Source: Publishers Weekly | 2017-02-28 00:00:00 UTC ]
Brick-and-mortar book stores have clearly been on the decline for a while -- just look at Barnes & Noble's rocky finances. However, there's now some tangible evidence that the pendulum has swung in favor of internet-based sales. BookStats estimates... Continue reading >> [ Source: Engadget | 2014-06-30 00:00:00 UTC ]
In a conference call B&N executives cited the importance of device production to content providers, pointed to the advantages of its physical stores in conjunction with digital distribution and outlined new strategies to address mounting Nook Media losses. Continue reading >> [ Source: Publishers Weekly | 2013-08-21 00:00:00 UTC ]