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Showing posts with label Regnery. Show all posts
Showing posts with label Regnery. Show all posts

Wednesday, July 9, 2014

Costco "Changes Its Mind" And Keeps "America" In The Stores! Funny How Consumer Pressure Works!

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NEW YORK – Amid a flood of opposition from members, Chief Financial Officer Richard Galanti informed WND that the wholesale giant has reversed its decision to remove Dinesh D’Souza’s book, “America: Imagine the World Without Her,” from its stores.
Galanti told WND that Costco’s corporate headquarters in Issaquah, Washington, instructed local stores that had not yet returned the D’Souza book to the vendor to keep the remaining copies on the shelf.
The book will be reordered from publisher Regnery, he said.
“Frankly, because of all the hoo-rah, some Costco locations have sold more of D’Souza’s book today than they sold in the previous four weeks combined,” he said.
Galanti was referring to the outcry in response to WND’s reporting Monday that Costco had decided July 1 to remove the book “America” just as the companion movie of the same name was hitting theaters.
Costco CFO Richard Galanti
Costco CFO Richard Galanti
The book was No. 43 on Amazon.com’s bestseller list when WND’s first story broke  and now sits at the No. 1 spot overall.
“We are bringing it back, not for political reasons, but because the book is now selling well,” Galanti told WND. “We didn’t pull the book on July 1 for political reasons, and we are not putting it back in the stores now for political reasons. We are doing this because we sell merchandise and D’Souza’s book is now selling well.”
D’Souza told WND in an interview, however, that in light of the success of his previous books sold by Costco, the release of the companion movie last week and the book’s strong Amazon.com sales, among other factors, its hard to imagine the reason for pulling the book being anything other than “ideological solidarity with Obama.”
In this midterm election year, “America” is a strong rebuttal of the progressive ideology behind President Obama’s policies, which have been supported by Costco co-founder and director Jim Sinegal, a major Democrat donor and a speaker at the 2012 Democratic National Convention that nominated the president. A Washington Post political reporter has noted Obama’s “romance” with the nation’s second-largest retailer.
Galanti confirmed the reversal, saying he had just spoken with the boss of Costco book buyer Pennie Clark Ianniciello.
He said it could be two weeks before some stores get the book back, “depending upon how long the publisher takes to print and ship the books.”
In a conversation with Galanti earlier Tuesday, before the decision to restore the book was confirmed, Galanti told WND that Ianniciello made a “mistake” issuing a “pull order” for the book July 1, before the movie “America” opened in more than 1,000 theaters nationwide that week.
Galanti said, however, he was unable to answer detailed questions about how D’Souza’s “America” was selling in comparison with other books currently on sale in Costco stores nationwide.
“I can’t get any statistics today,” Galanti explained, “because Pennie Ianniciello is out of the office attending a funeral.”
In the earlier call, Galanti also said his office had been swamped with calls from irate Costco customers and that WND might have difficulty getting through to him by trying to dial his office phone number directly.
WND was unable to reach Regnery to find out if any of the books returned by Costco could be shipped back to the box-store chain and how long it would take to ship new books.

Wednesday, May 7, 2014

Is The Day Of The Mega Bookstore Ending? Will Small Bookstores Remain? We Hope So!




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The unthinkable may be looming for retail book giant Barnes & Noble, and plans for more store closings by year’s end are sending shockwaves through the publishing world.
In the past two years, Barnes & Noble has closed an average of 20 stores each year, although more than 600 remain, spread across all 50 states. Michael Levin, writing in the Contra Costa Times, warned that gift cards from the book chain might be worthless by year’s end: “If anyone gives you a Barnes & Noble gift card, be sure to cash it in by the end of the year. This may be the last year that Barnes & Noble bookstores remain open.”
Levin added that publishers are closely watching Barnes & Noble’s struggles.
“The publishers have to be running scared,” he wrote. “If B&N suddenly shutters its doors, then billions of dollars of books, which the bookstores take on consignment, go into the limbo of bankruptcy court.”
Industry insiders agree that the chief reason Barnes & Noble finds itself in a precarious position is the ease with which book buyers can purchase through Amazon. Everyone from agents to publishers is following the saga closely.
“The future of brick-and-mortar bookstores is a concern that keeps many publishers up at night,” said Marji Ross, president of Regnery. “Most of us have spent countless hours browsing through long aisles of towering bookshelves, discovering new delights and rediscovering beloved old favorites. Our personal attachment amplifies our professional concern: Where will readers go to browse? How will readers discover books that are merely ‘future classics’?”
Ross sees the brick-and-mortar store difficulties impacting several areas of publishing.
“Even at Regnery, where we excel at gaining massive publicity and visibility for our books, we worry about the impact of fewer bookstores and less square footage for the retail space that remains,” she said. “The short-term impact of this shrinking footprint is an increasing divide between celebrity authors and everyone else. The longer-term impact could be a narrowing of our public discourse. For all those reasons, publishers are, and increasingly should be, dedicated to helping keep brick-and-mortar stores viable. They matter more than you might think, not just to American publishers but to American culture.”
Joyce Hart, for several decades an industry veteran in the areas of sales and agenting, understands that technology threatens to dismantle the necessity of brick-and-mortar stores.
“I have seen many changes in the book industry, especially in the last five years,” she said. “We’ve seen the demise of many of the independent bookstores. Borders is gone, and now what is the future of Barnes & Noble?”
Hart added, “I love bookstores and do my best to shop locally. However, online shopping is so easy, and if you spend ‘X’ amount of money, you get free shipping. Digital publishing has made huge changes in the way we read books. I still prefer holding a book in my hand, but I have a Kindle, a Nook and an iPad, and I read from those readers.”
Now as an agent, Hart also keeps apprised of how publishing changes affect writers.
“Many people are self-publishing, some with success, others not so good,” she said. “However, this does not get their books on the bookshelves of bookstores. What is the future of bookstores? I hope we still have some brick-and-mortar stores in the future, or will bookstores go the way of the small, independent grocery stores?”
In 2011, Barnes & Noble’s chief competition, Borders, ceased operation, shutting down almost 700 stores and sending more than 19,000 employees to the unemployment lines. Although Barnes & Noble went forward with one less competitor, several factors have caused the New York City-based company to find itself on the edge of extinction, including deep discounts on books at Walmart and Costco.
In addition, Barnes and Noble’s once-vaunted Nook reading device has not been able to keep sales pace with Amazon’s Kindle or Apple’s iPad.
Observers say all these factors appear to be adding up to trouble for the retailer and ominous trends for publishers everywhere.