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You are here: Home / Archives for profit

Upbeat James Daunt As Waterstones Makes A Profit

November 23, 2015 By achuka Leave a Comment

guardiansmall

“We are delivering a really robust and proper profit. This will be the best true and underlying performance for this business for seven to eight years. A genuine, little small piece of black at last.”

At the heart of the revival of Waterstones is a revival in sales of physical books. Industry figures show that sales of paperbacks and hardbacks rose 3% in the first half of 2015, the first increase since 2012.

At the same time, the digital revolution has stalled. Sales of ebooks to consumers are falling and demand for the Kindle e-reader has fallen so much that Daunt has removed them from most of Waterstones’ 280 stores.

“I always believed there would be a natural point of equilibrium with digital reading – that it would overshoot, then come back and settle down. That made intuitive sense, and that indeed has happened,” Daunt explains.

“If you go on a plane or a train on holiday, you will see many more people reading a physical book rather than digital. It is a very different experience [reading an ebook]. You don’t remember it as well. I know it’s not just me. You don’t have the physical relationship. You don’t know where you are in a book. It may say 62% but it doesn’t mean the same thing. You can’t remember what it’s called because you haven’t had the cover.

“Now if you read books that don’t merit that, then fine. That’s why ebooks have been particularly strong amongst romance fiction and just pure escapist reading. That’s really gone digital, heavily digital.

“But books that you want to treasure, look after and sit on your bookshelf – the physical book is a better thing. You are left with a memory; you’ve got something that has an enduring value.

More on this via Waterstones returns to profitability four years after facing bankruptcy | Books | The Guardian.

Filed Under: Blog, Books Tagged With: bookselleing, bookshop, profit

Crime pays for Eoin Colfer as books make €2.6m | Irish Examiner

September 14, 2015 By achuka Leave a Comment

Crime pays — at least the fictional kind — for Ireland’s best selling children’s author Eoin Colfer, as accumulated profits at his book firm topped €2.6m last year.

The former Wexford primary school teacher has sold more than 25m books translated into 44 languages around the globe about the adventures of his teenage criminal mastermind, Artemis Fowl.

Now, accounts filed by Colfer’s firm, Artemis Fowl Ltd, show that the firm’s accumulated profits last year jumped by just under €800,000 going from €1.825m to €2.622m.

The cash pile at the firm during the year also rose sharply, going from €1.843m to €2.6m.

via Crime pays for Eoin Colfer as books make €2.6m | Irish Examiner.

Filed Under: Blog, Books Tagged With: Colfer, Ireland, money, profit, royalties

Egmont Reaping Minecraft Rewards

June 15, 2015 By achuka Leave a Comment

As reported in The Bookseller:

Egmont Book Publishing has reported soaring sales and profits at Egmont UK, thanks partly to the success of Minecraft.

The company’s financial report for the year ending 31st December 2014 put Egmont UK sales at £60.1m, a 31.2% increase from £45.8m in 2013. Profit before taxation surged to £6.6m, up from £575,000 the year before. The company said the results reflected “strong trading in books”, especially the Minecraft titles, and the magazine based on Disney’s "Frozen", as well as fewer one-time charges.

via Leap in sales and profit at Egmont UK | The Bookseller.

Filed Under: Blog, Books Tagged With: profit, sales

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