Sales in the first quarter ended March 31, net sales at Amazon.com rose 37% to $4.13 billion, and net income rose 30% to $143 million. The company attributed the gains to low prices, improved inventory and increased affiliate sales.
Among other highlights reported by Shelf Awareness:
Amazon continued to be mum about Kindle unit sales, saying only that "Kindle selection continues to grow--with more than 115,000 titles now available, up from 90,000 at launch."
The company launched Amazon TextBuyIt, a service that lets customers use text messages to find and buy products sold on Amazon, allowing customers to shop, compare prices and buy from any mobile device.
Sales at Amazon's U.S. and Canadian sites were $2.13 billion, up 31% from the same period a year earlier.
Sales of what Amazon calls "worldwide media"--which includes books, music and movies--grew 28% to $2.54 billion, slightly more than half of all sales.
A little gay bookstore in Vancouver that made a big impact on Canadian censorship is going up for sale.
After more than 23 years of fighting back against homophobia of all kinds--from the anti-gay violence of censorship laws to bombs lobbed into their building--the owners of Little Sister’s Book & Art Emporium, Jim Deva and Bruce Smyth, are looking for new owners to continue the shop.
The Tennessean added: "Publishers of Christian and general interest books are reducing their number of titles as sales are being more concentrated in fewer, best-selling books, industry observers said. There is also more competition for shelf space as some retailers reduce the number of books in stores to counter a spike in sales online and elsewhere.
Jessamyn points to an interesting Post Over At Tim O'Reilly's Place on Amazon's big plans. Tim says that Amazon has serious plans for vertical integration of the publishing industry. Having got retailers on the ropes, they now are aiming at publishers. "Amazon has, so far, created huge value for the publishing ecosystem. Now, as they become more powerful, they need to be especially watchful that they don't irreparably damage an industry on which they too depend.
Jessamyn Adds: "How do libraries fit into this model? We’re frequently told that we’ve got crazy buying power in the aggregate but what happens when we’re not even given the option to see these books brought to market?"
As previously reported here on LISNews last month , Amazon is continuing to insist that all Print On Demand books to be sold on their site, Amazon.com, be printed by their own subsidiary, BookSurge.
To get an idea of the number of POD publishers Amazon's decision will be cutting out, check out John Kremer's Bookmarket list of POD publishers. These people are trying to make a living too.
The Owners of the Long Beach shop have agreed to sell the property to a redevelopment agency and don't know if they'll relocate.
"It's been a family business since 1934," said 68-year-old Jacqueline Smith, who owns the store with her husband, Phil. "It's been my life and my dream, but it's reality," she said.
Employees at the store have been selling off remaining inventory for months. Generally, they keep about 1 million books in stock, but that number is now closer to 700,000, and many employees do not expect the store to reopen.
Inspired by the realization that she "hadn't patronized a single local, independently owned bookstore" despite owning hundreds of books, Rachael Daigle wrote an article for Boise Weekly detailing her book-buying transgressions, while simultaneously offering an in-depth look at the history and current state of indie bookshops in the Idaho city.
She points out a stunning statistic provided by the American Booksellers Assocation: Only 45 percent of books are sold in traditional bookstores, the remaining majority are put into consumers' hands at coffeeshops, hardware stores, supermarkets and over the Internet.
Do you have a favorite indie bookstore in your city? Tell us about it and then go look for books there!
Amazon has sent an open letter to “interested parties,” explaining “what we’re changing with print on demand and why we are doing so.” Amazon has caused a major stir in the pod field with its decision to have publishers who want to sell pod titles directly through its Web site use its BookSurge pod subsidiary. And late Monday afternoon, Ingram, parent company of BookSurge rival Lightning Source, issued a statement from John Ingram noting the concerns it has fielded from publishers about Amazon’s actions.
Complete article at Publisher's Weekly.
American Booksellers Foundation for Free Expression is challenging a new Indiana law which requires dealers of sexually explicit materials to register and file a statement with the secretary of state. Full story at the Bookfinder Blog.