Profits, Sales Up at WH Smith in Fiscal 2024 - Publishers Weekly

I'm not sure what it all means about US readers.

Panzer found this post at the Publishers Weekly site. It's a post about UK bookshops WH Smith.

 

According to the post by Neill Denny, WH Smith's sales are doing so well and profits are increasing so the company plans to open more bookstores in North America. The stores will primarily open in US airports.

 

Panzer says,"Hmm ... Interesting development. UK's WH Smith bookstore chain is coming to join UK company owned Barnes and Noble bookstore chain in the US books sales market."

 

Note: This is a medium length post. Bring a cup of tea and two chocolate chip cookies (biscuits) for your reading snack.

 

To read the post tootle over to WH Smith

B&N Eyes Revenue Growth - Publishers Weekly

Today, Panzer made a quick trip to the Publishers Weekly site. With just a little digging around our cute kitty boy found a post about Barnes and Noble's sales revenue. Panzer told you a couple of days ago about Barnes and Noble's decline in sales in their 2017 Fiscal Revenue Report.

Maybe make them cat friendly, too?

According to Jim Milliot's post, Barnes and Noble is planning to make some changes in the hopes of bringing about company revenue growth. CEO Demos Parneros advises the company is undertaking plans to make stores more customer friendly. While 2017 juvenile book sales were down as were adult coloring books among other sales declines, BN.com sales were up 3.9 percent. CEO Parneros advises other plans include reducing under performing book categories to make room for the more popular categories. Mr. Parneros doesn't expect an instantaneous turnaround and is instead looking at long term goals.

Panzer says, "Hmm ... BN.com sales are up. That's good."

Note: This is a medium length post. Bring a cup of tea and two muffins for today's reading selection.

To read today's post tootle over to Barnes and Noble revenue growth

To read the post about Barnes and Noble's 2017 Fiscal Report, tootle over to Barnes and Noble sales reports

B&N Reports Falling Sales in Fiscal 2017 Report - Publishers Weekly

Panzer's trip into the Catosphere today took him to the Publishers Weekly site. There our busy kitty traveler discovered news about Barnes and Noble's 2017 Fiscal Year Report. (Panzer knows it might seem strange for a company to have their end of 2017 year report be announced in June. It just means the company was not started on January 1 but instead part way through the year. Therefore, the company's "year" doesn't start and stop on January 1. This little kitty knows it's confusing, but it's what he expects from humans.)

My ebooks are there online.

According to the post by Jim Milliot, Barnes and Noble announced their fiscal report for 2017 and the numbers are disappointing. Although according to the report online sales were up 3.7 percent, that wasn't enough to offset the 6 percent decline in retail sales or the 23.4 percent decline in Nook sales. Even though the sales figures do appear to show an abysmal sales record and losses, it does show they are not as bad as the 2016 losses.

Panzer says, "Hmm ... Can the new CEO Demos Parneros turn the company around to profitability in the next couple of years? This little kitty hopes so."

Note: This is a longish-short post. Bring a cup of tea and a muffing for today's reading selection.

To read the post, tootle over to Barnes and Noble

Scholastic Reports Fiscal 2017 Second Quarter Results - Press Release

It was a lot of hard work to find that.

Panzer made a long trip into the Catosphere today. Because of the upcoming holidays there is a scarcity of book news out there. After much digging around at the Book Business site our tenacious kitty finally found some news about children's book publisher Scholastic.

According to a press release at the site, Scholastic announced their 2017 second quarter financial results. The press release says revenues were up 4 percent for the quarter over last year. It also states the Fantastic Beasts and Where to Find Them script book and Harry Potter and the Chamber of Secrets: Illustrated Edition contributed to the healthy second quarter increase.

Panzer says, "No 2017 Second Quarter isn't a mistake. It's a human thing. Corporations can have their year start at different times than the rest of us. So their year doesn't have to start in January."

Note: This is a medium length post. Bring a cup of tea and a muffin for today's reading selection.

To read the post, tootle over to Scholastic