Print Sales Rose 5.8% in Christmas Week (publishersweekly.com)
The holiday sales period ended on a high note with unit sales of print books increasing 5.8% over the week ended December 24, 2022 at outlets that report to Circana BookScan.
https://www.publishersweekly.com/pw/by-topic/industry-news/index.html
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The Book Biz Tries to Avoid Supply Chain Disruptions (publishersweekly.com)
A BISG webinar held in early July sought to draw attention to the growing challenges in the book industry’s supply chain. Panelists pointed to shortages of truck drivers and trailers, congestion at the ports, and escalating transportation costs as factors that, in the words of David Hetherington, Book International’s v-p of global business development, were putting more pressure on the supply chain than at any time he could remember. In the ensuing two months, things have gotten worse, as printing capacity continues to shrink and labor shortages have made it difficult for printers, retailers, and wholesalers to fully staff their businesses. Concerns have risen to such a level that the two biggest trade wholesalers, Ingram and Bookazine, have reached out to their accounts to urge them to take a range of actions to try to mitigate problems, informing them of steps they should take to be better positioned to meet the needs of the fall and holiday. Top of the recommendation list from both Ingram and Bookazine is for accounts to order as early as possible.
Womenswear retailer Coldwater Creek shuts down operations (fashionunited.com)
The retailer stated on its website that “It’s time to say goodbye.” “Every brand has a story and ours has taken an unexpected turn. “We may be saying goodbye before too long so we’re taking 70 percent off everything. Thanks for being part of our family & history,” they said. A week later, they seem to have made the decision to shut down operations, at least for the foreseeable future. They argue COVID-19 have led them down a path they didn’t expect, confirming both their physical stores and their e-commerce are closed and that they aren’t able to take orders, marking the end of a 3-decade story.