Nicky Stevens: Real issues in book retailing
Nicky Stevens, owner of Manning Valley Books in NSW, says her bookshop is in danger of closing this year. She believes the Australian publishing industry ‘is on self-destruct’, citing department store discounting and poor...
Borders to reopen in Singapore
Borders bookstore will reopen in the Singapore suburb of Jurong by the end of the year, reports Yahoo News. Book retailer Popular Holdings recently announced that it had acquired the...
Out of the RED: Banafsheh Serov’s rebranded bookstores
When REDgroup collapsed in 2011, franchise co-owner Banafsheh Serov rebranded her family’s stores as Sydney independent Your Bookshop. She now runs four stores. This story does not begin in Sydney,...
Bookworld launches with new loyalty program
The Borders Australia online business has been rebranded and the new Bookworld website is now live. Among the features of the new site is a new ‘citizenship’ membership program, which...
The recent boom in the remainder book trade
It’s an aspect of the industry that’s rarely discussed, but the remainder book trade in Australia is booming, reports Eloise Keating. When Angus & Robertson and Borders stores began to...
Christmas sales up for most as retailers regain some of REDgroup’s market share
As reported in a Weekly Book Newsletter special bulletin on Monday 23 January, 80% of respondents to our annual post-Christmas survey reported that Christmas sales were up on Christmas 2010....
Rakuten to acquire Kobo
Ebook platform provider and online retailer Kobo is to be acquired by Japanese internet service company Rakuten. Rakuten confirmed in a statement its ‘definitive agreement' to ‘acquire 100% of total...
Bolitho appointed AllBooks4Less CEO
Discount-focussed bookselling chain AllBooks4Less has announced the appointment of David Bolitho to the position of CEO. Bolitho will be responsible for ‘both the retail casual leasing business (shops) and the...
Reader’s Feast likely to open in new location in late November
Reader's Feast is likely to re-open in Melbourne in late November. On Twitter and Facebook the bookstore, which operated from the corner of Bourke and Swanston streets in Melbourne's CBD...
Borders Singapore placed under judicial management
Borders Singapore has been placed under judicial management for six months, reports ChannelNewsAsia. Judicial management is a form of administration in which a court-appointed officer takes on management of a business in...
REDgroup administration: New Zealand DOCA
As reported in a Weekly Book Newsletter Special Bulletin on 27 July, REDgroup administrators Ferrier Hodgson will hold a 'watershed' creditors' meeting in Auckland, New Zealand, on 4 August to...
REDgroup administration: date for second creditors’ meeting announced; detailed financial reports released
REDgroup administrators Ferrier Hodgson has announced that second creditors' meetings will take place on 4 August in Melbourne and Auckland. The administrators have also made available separate financial reports about...
ACCC to undertake ‘informal review’ of Pearson’s REDgroup online acquisition
The Australian Competition and Consumer Commission (ACCC) will undertake an 'informal review' of the proposed acquisition of the REDgroup online business by Pearson. The ACCC is inviting 'submissions from interested...
Eureka Street/Reader’s Feast Award announced; Reader’s Feast writers festivals to continue
Lea McInerney has been announced as the winner of this year's Eureka Street/Reader's Feast Award. The award, worth $5000, is supported by Reader's Feast general manager Mary Dalmau, and will...
Pearson to acquire REDgroup online; ABA flags concerns with ACCC
As reported by the Weekly Book Newsletter in a Special Bulletin on Monday, Pearson Australia has announced it has reached an agreement with REDgroup Retail administrators Ferrier Hodgson to purchase...
Reader’s Feast bookshop to close
Reader's Feast bookshop in Melbourne, a company-owned REDgroup Retail store run by Mary Dalmau, is set to close in four to five weeks. Administrators Ferrier Hodgson have released a statement...
REDgroup administration: A&R franchises withdraw termination notices; Ferrier Hodgson discontinue court proceedings
The administrators of REDgroup Retail, Ferrier Hodgson, announced this morning that they have reached a 'truce' with the 25 Angus & Robertson franchises that announced their intention to terminate their franchise...
REDgroup administration: A&R franchises withdraw termination notices; Ferrier Hodgson discontinue court proceedings
The administrators of REDgroup Retail, Ferrier Hodgson, announced this morning that they have reached a ‘truce' with the 25 Angus & Robertson franchises that announced their intention to terminate their franchise...
PEP-nominated REDgroup directors step down ahead of possible DOCA or sale
REDgroup Retail owners Pacific Equity Partners (PEP) has confirmed that its nominees to the board of directors at REDgroup have resigned 'with effect from 31 March 2011'. The statement follows...
PEP-nominated REDgroup directors step down ahead of possible DOCA or sale
REDgroup Retail owners Pacific Equity Partners (PEP) has confirmed that its nominees to the board of directors at REDgroup have resigned ‘with effect from 31 March 2011'. The statement follows...