As noted here yesterday, Books-A-Million finally filed its
second quarter Form 10-Q and now believes it is up to date with
the SEC. Yesterday members of the company met with the Nasdaq Listing
Qualifications Panel to make the case that Nasdaq should stop the
process for delisting BAM.
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Sad bookstore news: Cecilia and Kermit Roy, who have owned L & L Bookstore in La Mesa, Calif., near San Diego, for two years, are closing their store on October 30. The Roys said that business at the nine-year-old store had been "improving until gasoline prices skyrocketed here in California. Since that time, we have seen a steady decline in our daily sales."
The couple plan to sell as much inventory as possible during a closing sale and then sell what's left online.
This marks the second time a bookseller going out of business has linked the decision to poor sales in recent months that appear to be related to customers' soaring energy costs.
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Coffee & Books, the last "full-service retail bookstore" in Colville, Wash., last week received an eviction notice from the landlord, according to the Eastern Washington Stateman-Examiner. Owners Rod and Lisa Shinn bought the store from the former tenant, the Booknook, three years ago. Coffee & Books has stocked classics, historical fiction, nonfiction and children's books and done many special orders, about half of its business.
With an eviction date of October 31, a move that will allow the store to set up in time to serve Christmas shoppers will be "a real challenge," Rod Shinn told the paper.
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Reuters offers an overview of publishers who sell their books directly to consumers online, which now, after Simon & Schuster joined the club, includes all major houses and a wide range of small and medium-sized publishers.
Some publishers say they have "limited retail ambitions." Apparently referring to Barnes & Noble, Pat Schroeder, president of the AAP, said, "The retailers have become publishers, so why can't publishers become retailers? It's an experimental thing. Everyone's trying to figure out what the right thing to do is."
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Consider this for informal debate or something to post in-store: Time magazine's "100 best English-language novels" since 1923, the magazine's founding.
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Sad bookstore news: Cecilia and Kermit Roy, who have owned L & L Bookstore in La Mesa, Calif., near San Diego, for two years, are closing their store on October 30. The Roys said that business at the nine-year-old store had been "improving until gasoline prices skyrocketed here in California. Since that time, we have seen a steady decline in our daily sales."
The couple plan to sell as much inventory as possible during a closing sale and then sell what's left online.
This marks the second time a bookseller going out of business has linked the decision to poor sales in recent months that appear to be related to customers' soaring energy costs.
---
Coffee & Books, the last "full-service retail bookstore" in Colville, Wash., last week received an eviction notice from the landlord, according to the Eastern Washington Stateman-Examiner. Owners Rod and Lisa Shinn bought the store from the former tenant, the Booknook, three years ago. Coffee & Books has stocked classics, historical fiction, nonfiction and children's books and done many special orders, about half of its business.
With an eviction date of October 31, a move that will allow the store to set up in time to serve Christmas shoppers will be "a real challenge," Rod Shinn told the paper.
---
Reuters offers an overview of publishers who sell their books directly to consumers online, which now, after Simon & Schuster joined the club, includes all major houses and a wide range of small and medium-sized publishers.
Some publishers say they have "limited retail ambitions." Apparently referring to Barnes & Noble, Pat Schroeder, president of the AAP, said, "The retailers have become publishers, so why can't publishers become retailers? It's an experimental thing. Everyone's trying to figure out what the right thing to do is."
---
Consider this for informal debate or something to post in-store: Time magazine's "100 best English-language novels" since 1923, the magazine's founding.