Costco Wholesale Corporation Reports August Sales Results

Gap Inc. and NEXT Plc announced the opening of the first Gap-branded shop-in-shop within NEXT’s largest West End store on London’s Oxford Street, marking the first milestone of the joint venture franchise relationship between the two companies to manage Gap’s e-commerce business as well as Gap-branded shop-in-shops at NEXT locations. The location in central London cements Gap’s physical return to the British high street. As the largest brand shop within the store, covering over 4,000 square feet of retail space, the Gap store embodies the brand’s reinvented approach to retail in the UK with an open, modern and minimal design. Customers can shop curated collections of elevated everyday essentials including denim, fleece, khakis, shirting and iconic logo product for women, men and kids. A customization shop offering embroidery, badging and monogramming will also be available to all Gap customers.

Global research and education leader Wiley, together with the Big Ten Academic Alliance announced they have reached agreement for a one-year contract extension with an open access option, as a pilot in collective action toward the Big Collection. The Big Ten Academic Alliance is a premier higher education consortium in the U.S. that includes major research institutions in 11 U.S. states. The agreement enables researchers at 13 participating flagship universities and 17 affiliated campuses to publish accepted articles open access in all of Wiley's hybrid open access journals in 2022. The agreement also provides access to all of Wiley’s subscription content across the consortium. The agreement aims to advance the goals of the BTAA Big Collection to move toward a sustainable open scholarship ecosystem.

The Association of American Publishers (AAP) released the StatShot Annual report covering the calendar year 2021, estimating that the U.S. book publishing industry generated $29.33 billion industry-wide during the year, the highest number ever reported by StatShot Annual. The number reflects a $3.23 billion increase, or 12.3%, as compared to 2020 revenues of $26.1 billion. “The industry was firing on all cylinders in 2021, delivering benefits up and down the value chain for literature, scholarship, and educational materials,” commented Maria A. Pallante, President and CEO, Association of American Publishers. “At the end of the day, we know that books are immeasurable and timeless as they make their way in the world. Nevertheless, in an economy that is overcrowded with entertainment options, it is thrilling and gratifying to see such resounding affirmation for reading.”