Scholastic moves to cut costs as it anticipates coronavirus impact

Scholastic Corporation has said it expects business in the fourth quarter to be affected by coronavirus-related school closures and it is taking "agressive actions to reduce operating expenses throughout the Company" as a result, including the temporary closure of warehouse and distribution centres.  Continue reading at 'The Bookseller'

[ The Bookseller | 2020-03-19 15:51:43 UTC ]

Other news stories related to: "Scholastic moves to cut costs as it anticipates coronavirus impact "


Book Fair Sales Plunge at Scholastic

Revenue at Scholastic's book fairs dropped 79% and total revenue at Scholastic dropped 32% in the quarter ended November 31, 2020, compared to the second quarter of fiscal 2020, as the pandemic led to a significant decline in the number of fairs held. The publisher has tapped two new leaders for... Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-12-18 05:00:00 UTC ]
More news stories like this


Scholastic revenues plunge 32% but trade sales up in second quarter

Scholastic saw revenues plunge 32% year on year to $406.2m and operating income fall 54% in the second quarter, as its business continued to be hit by the pandemic, although trade sales rose. Continue reading at The Bookseller

[ The Bookseller | 2020-12-17 18:36:39 UTC ]
More news stories like this


Horrible Histories to relaunch in 2021

Scholastic is to relaunch children's series Horrible Histories in 2021, with new-look covers and a new "secret diary" series.  Continue reading at The Bookseller

[ The Bookseller | 2020-12-02 01:42:05 UTC ]
More news stories like this


Scholastic is publishing three new books by Ruby Bridges.

Tomorrow marks sixty years since civil rights icon, activist and writer Ruby Bridges was the first Black child to integrate a Southern elementary school—and today, Scholastic announced three forthcoming books written by Bridges, which will be released from spring 2022-23. The three new books are... Continue reading at Literrary Hub

[ Literrary Hub | 2020-11-13 17:02:57 UTC ]
More news stories like this


American publisher Levine promises ‘beloved’ titles from his new independent list

American publisher Arthur A Levine has launched the first titles fro his new independent children’s publisher Levine Querido in the UK. Levine founded Levine Querido last April after 23 years as the publisher of Scholastic Inc imprint Arthur A Levine Books. One of the driving forces that led him... Continue reading at The Bookseller

[ The Bookseller | 2020-10-14 12:12:21 UTC ]
More news stories like this


Scholastic dances away with two from Diversity’s Ashley and Jordan Banjo

Scholastic UK has acquired two middle-grade books from TV personalities and Diversity dance collective members Ashley and Jordan Banjo.  Continue reading at The Bookseller

[ The Bookseller | 2020-10-01 02:08:16 UTC ]
More news stories like this


Scholastic UK scores with novel from Ian Wright

Scholastic UK has acquired Striking Out, a novel for children based on the life of footballer Ian Wright. The title is written by Wright in partnership with Musa Okwonga. Continue reading at The Bookseller

[ The Bookseller | 2020-09-15 21:16:33 UTC ]
More news stories like this


HarperCollins' annual global revenue falls 4.4%

HarperCollins global revenues fell 4.4% in the financial year ending 30th June, including a 3% decline in the fourth quarter, according to figures from parent firm News Corp. Continue reading at The Bookseller

[ The Bookseller | 2020-08-07 14:12:09 UTC ]
More news stories like this


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 ]
More news stories like this


Scholastic Looks to Rebound from Q4 Slump

The Covid-19 pandemic led to a 40% decline in fourth quarter revenue at Scholastic and an operating loss of $46 million. The company said it expects a "slower than normal start" to the upcoming school year, and believes it will end the current fiscal year with revenue "slightly below" fiscal 2020. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-07-24 04:00:00 UTC ]
More news stories like this


Scholastic CEO talks civil unrest, pandemic

When the pandemic shut down U.S. schools nationwide in March, Scholastic Corp. immediately offered a free online learning hub for millions families with kids Continue reading at ABC News

[ ABC News | 2020-07-05 14:03:09 UTC ]
More news stories like this


I Am the Faceless Woman on the Cover of Your Novel

POC Book Cover Model I feel the most brown facing a solid, bright background that seduces preteens at the Scholastic fair. My long black-as-licorice braids with their sweet virginal shine beg for pity, are maybe a metaphor for tradition, repression, machismo, all the miserable Mexican girls that... Continue reading at Electric Literature

[ Electric Literature | 2020-06-15 11:00:00 UTC ]
More news stories like this


Stuart Lawrence's 'important' children's book to Scholastic UK

Scholastic UK has acquired Silence is Not an Option: You Can Impact the World for Change by Stuart Lawrence, the younger brother of Stephen Lawrence.  Continue reading at The Bookseller

[ The Bookseller | 2020-06-15 10:32:15 UTC ]
More news stories like this


'Pose' stars join growing backlash over J.K. Rowling's anti-trans comments

The stars of FX's "Pose," Universal Parks, Warner Bros. and Scholastic are among the latest to respond to J.K. Rowling's anti-trans tweets and follow-up essay. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-06-11 18:20:48 UTC ]
More news stories like this


Virus Leads to Down Fourth Quarter at Wiley

Fourth-quarter sales and earnings fell at John Wiley compared to fiscal 2019 due to lower sales of print books, test prep programs, and corporate training. Sales for the year rose 2%, though a number of one-time charges led to an operating loss. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-11 04:00:00 UTC ]
More news stories like this


Cincinnati startup beats out Lego, Scholastic for national award

A Cincinnati startup that creates software to aid school systems beat giants like Scholastic, LexisNexis, Encyclopedia Britannica and Lego Education to win a rigorously judged national award that its CEO hopes will help propel the company into more schools. Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-06-10 17:11:55 UTC ]
More news stories like this


Coronavirus Impact: Scholastic Adjusts Its Summer Reading Program

As much as 30 percent of typical annual reading gains may not be carried into schoolwork in the autumn, says an NWEA report, as the COVID-19 pandemic affects US education. The post Coronavirus Impact: Scholastic Adjusts Its Summer Reading Program appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-06-08 12:33:09 UTC ]
More news stories like this


Scholastic builds anticipation online for Hunger Games prequel

Scholastic has been building anticipation online for Suzanne Collins' eagerly awaited prequel to the Hunger Games series, The Ballad of Songbirds and Snakes. Continue reading at The Bookseller

[ The Bookseller | 2020-05-17 18:28:18 UTC ]
More news stories like this


Scholastic UK acquires 'heart-stopping' Windrush story by Zephaniah

Scholastic UK is to publish Windrush Child by Benjamin Zephaniah as part of its Voices series.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-28 09:03:54 UTC ]
More news stories like this


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 ]
More news stories like this