Bloomsbury to issue shares and cut costs, anticipating sales hit

Bloomsbury is issuing new shares and implementing a raft of cash-saving measures to counter the impact of recent retail closures on its business, which in a "prudent downside scenario" the company estimated could see print revenues fall as much as 75%.  Continue reading at 'The Bookseller'

[ The Bookseller | 2020-04-17 01:14:48 UTC ]
News tagged with: #cut costs #bloomsbury

Other Publishing stories related to: 'Bloomsbury to issue shares and cut costs, anticipating sales hit '

Harry Potter publisher Bloomsbury issues another profit upgrade

But company says reading boom may end when Covid restrictions are liftedCoronavirus – latest updatesSee all our coronavirus coverageThe Harry Potter publisher Bloomsbury has issued its second profit upgrade of the year, lauding a lockdown reading boom, but the trend may not endure as coronavirus... Continue reading at The Guardian

[ The Guardian | 2021-03-24 12:22:49 UTC ]
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S&S global sales hit 'record year' in 2020 at $901m

Sales at Simon & Schuster came in at an all time high in 2020 at $901m, ViacomCBS has reported. Continue reading at The Bookseller

[ The Bookseller | 2021-02-26 10:10:34 UTC ]
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Export delays and cost hikes continue to hit trade with Europe

The trade is continuing to face lengthy delays exporting books to Europe following the end of the post-Brexit transition period, with Amazon understood to have made changes to its purchasing to mitigate the issue. Continue reading at The Bookseller

[ The Bookseller | 2021-02-14 23:27:28 UTC ]
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Union, PEN Issue Statements on Powell's Sale of Ngo Book

The labor union representing employees of Powell's Books in Portland, Ore., said the decision to sell conservative author Andy Ngô book 'Unmasked' online was regrettable, but the store's decision "alone to make." PEN America said selling the book did not "equal endorsement" and supported the... Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-01-19 05:00:00 UTC ]
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December lockdown hits Germany's annual sales

The German book market ended 2020 down by 2.3% across all channels in value and 5.3% in volume. Continue reading at The Bookseller

[ The Bookseller | 2021-01-10 21:35:43 UTC ]
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France's bookshops report 3.3% sales dip in Covid-hit 2020

France's bricks-and-mortar booksellers have reported a year-on-year fall in sales of only 3.3% in 2020, despite a total of three months closure across two lockdowns, in response to the Covid-19 pandemic. Continue reading at The Bookseller

[ The Bookseller | 2021-01-06 14:21:18 UTC ]
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Boldwood hits £2m sales, signs three more authors

Indie Boldwood Books has signed three more authors for next year, bringing the total number of writers on the list to 44, while announcing that it has hit £2m in sales across all formats. Continue reading at The Bookseller

[ The Bookseller | 2020-12-01 09:10:37 UTC ]
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Bloomsbury to repay staff £700K in pandemic wage cuts

Bloomsbury has announced it will repay almost £700,000 to staff who took a pay cut during the first months of the pandemic, following the publisher's most succesful interim results since 2008. Continue reading at The Bookseller

[ The Bookseller | 2020-11-03 08:01:03 UTC ]
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Online sales push Bloomsbury to best first-half since 2008

Bloomsbury Publishing has delivered its highest first half earnings since 2008, as "signficantly higher” online book sales and e-book revenues led to year-on-year profit growth of 60% to £4m in the six months ended 31st August 2020. Continue reading at The Bookseller

[ The Bookseller | 2020-10-26 15:50:49 UTC ]
More news stories like this | News stories tagged with: #bloomsbury publishing #half earnings #e-book #online book #bloomsbury

V&A to close dedicated bookshop and cut 10% of staff as Covid-19 hits finances

The Victoria & Albert Museum is closing its dedicated bookshop and making 103 roles redundant across its retail and visitor experience teams as the Covid-19 crisis hits its finances. Continue reading at The Bookseller

[ The Bookseller | 2020-10-05 09:58:53 UTC ]
More news stories like this | News stories tagged with: #bookshop

Evening Standard to cut 115 jobs as Covid-19 hits advertising

Print edition of London paper will remain but focus will shift to digital and mobile platformsCoronavirus – latest updatesSee all our coronavirus coverageThe Evening Standard is to cut 115 jobs, a third of its staff, as the London freesheet seeks a dramatic reduction in costs to survive the... Continue reading at The Guardian

[ The Guardian | 2020-08-07 10:58:35 UTC ]
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Sales at HMH Took Big Hit in Q2

A 38% plunge in sales in its education group in the second quarter of 2020 led to an overall decline of 35.5% in sales at Houghton Mifflin Harcourt compared to a year ago. Costs cuts limited the impact of the sales drop on the publisher's bottom line. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-08-06 04:00:00 UTC ]
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W H Smith to cut up to 1,500 jobs in restructure after Covid-19 hits business

W H Smith has announced plans for a major restructure which could see around 1,500 roles made redundant across the business. Continue reading at The Bookseller

[ The Bookseller | 2020-08-05 02:02:59 UTC ]
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Pandemic losses hit Scholastic despite good trade sales

Scholastic has reported a 10% revenue drop for the fiscal year to end May 2020, to $1.49bn, with an overall loss of $88.5m, after Covid-19 battered its fourth quarter. Continue reading at The Bookseller

[ The Bookseller | 2020-07-24 06:25:19 UTC ]
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Book sales hit record highs in 2019, but publishers ‘now need help’

Figures for last year show sales of £6.3bn, up 20% on 2015, but the Publishers Association says sector needs government support to weather coronavirusBook sales in the UK hit record levels in 2019, driven by a surge in audiobook and nonfiction titles, according to new figures released as... Continue reading at The Guardian

[ The Guardian | 2020-07-21 23:01:08 UTC ]
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2019 North American Comics Sales Hit Record $1.21 Billion

Combined sales of graphic novels and periodical comics in the U.S. and Canada hit their highest point yet in 2019, according to a joint estimate produced by trade news sites ICv2 and Comichron. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-07-13 04:00:00 UTC ]
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Bloomsbury has transformed 'surprisingly well' despite severity of pandemic hit, says Newton

Bloomsbury chief executive Nigel Newton has said the beginning of the pandemic had a severely negative impact on Bloomsbury's sales, but that overall the company had "transformed surprisingly well". Continue reading at The Bookseller

[ The Bookseller | 2020-06-02 01:56:06 UTC ]
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Strong growth for Bloomsbury's adult division, as coronavirus buffets sales

April 2020 year‐to‐date revenue at Bloomsbury Publishing has fallen just 3%, the company has reported as part of its full-year results announcement, with print revenues at 87% of last year’s sales and academic digital revenues up by over 52% year on year. Continue reading at The Bookseller

[ The Bookseller | 2020-05-19 21:51:31 UTC ]
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Bloomsbury promotes Knight and recruits Wilks to sales teams

Bloomsbury Publishing has promoted Sarah Knight to UK adult sales director and recruited Sally Wilks from HarperCollins Children's Books to be its UK children’s sales director. Continue reading at The Bookseller

[ The Bookseller | 2020-04-28 15:45:01 UTC ]
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Informa Cuts Executive Pay, Suspends Dividends and Issues New Equity

The world's largest exhibitions organizer, London-based Informa plc, outlined on Thursday morning a series of emergency actions it's taking to alleviate the impact of the COVID-19 pandemic on its events business, which drives nearly two-thirds of the company's overall revenues. Noting that the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-16 18:02:14 UTC ]
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