2023 BPIF Book Awards Call For Entries

A summary of results for the second quarter ended July 30, 2022 as compared to the second quarter ended July 31, 2021: *Net sales of $805 million, down 7% as compared to last year on a reported basis and down 4% on a constant currency basis. *Gross profit rate of 57.9%, down approximately 730 basis points as compared to last year. The year-over-year decrease was primarily driven by higher product costs, which contributed 750 basis points, and the adverse impact of exchange rates, which accounted for 30 basis points. These impacts where partially offset by higher AUR at Abercrombie. *Operating expense, excluding other operating income, net, was up 4% compared to last year. The increase was driven primarily by inflation and higher digital fulfillment expenses partially offset by lower incentive-based compensation. Operating expense as a percentage of sales increased to 58.0% from 52.1% last year. *Operating loss of $2 million and $0 million on a reported and adjusted non-GAAP basis, respectively, as compared to operating income of $115 million and $116 million last year, on a reported and adjusted non-GAAP basis, respectively.

The DEAL Consortium and scholarly publisher Wiley today announced the signing of a new five-year agreement which will allow scientists from German academic institutions to publish their research open access (OA) within Wiley’s portfolio of scientific journals. The new agreement continues the successful collaboration that started in 2019 and through which by now over 38,000 articles have been published open access. It will provide authors at participating German institutions with open access publishing options across Wiley’s portfolio alongside read access to all Wiley journal content. The new agreement will also: *Support institutions in the transition to OA, honoring the immense value learned societies bring to the scholarly community. *Enhance infrastructure, including robust workflows to support authors, librarians and open access administrators. *Support participating institutions with bespoke training and continuing collaboration with the Wiley DEAL Advisory Board to monitor success.

Barnes & Noble CEO James Daunt began his tenure with a baptism by fire. He took over the role in September and made some tweaks to B&N’s holiday merchandising and a few personnel changes. He was expecting to make more extensive changes early this year. But then Covid-19 forced B&N to close all but 24 stores to in-person shopping. By early July, all but one store had been reopened, Daunt told PW. The company is following all local mandates, including limiting the number of customers in each store at a given time, establishing social distancing protocols, and creating designated areas where customers can leave books they have touched but decided not to buy (those books are then sanitized before being returned to shelves).