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24 Sep

Correction: July Bookstore Sales Better Than Previously Reported

Last week's BTW article on July retail sales for bookstores was based on outdated information. The Bureau of the Census periodically updates retail sales data, and its most recent revision of 2002 retail sales figures occurred on September 12, 2003. As a result, BTW is issuing this updated report on July bookstore sales.

July sales of $1,130 million were 6.7 percent ahead of last July's $1,059 million.

Overall retail sales of $325 billion for July 2003 were 6.2 percent ahead of the $306 billion in July of the previous year.

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24 Sep

Joint Committee Meets to Plan BEA Children's Bookselling Program

The Children's Booksellers and Publishers Committee met on Monday, September 15, in New York City, to develop events for BookExpo America 2004, to be held from June 2 - 6 in Chicago. At the meeting, the group, a joint committee of ABA, the Association of Booksellers for Children, and the Children's Book Council, considered speakers for the show's Friday morning Children's Book and Author Breakfast and also planned the Thursday afternoon children's booksellers' educational sessions.

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24 Sep

Gift Cards vs. Paper Gift Certificates: Analysis of Potential Returns

Over the last few weeks as ABA staff has spoken with booksellers about the new Book Sense electronic gift card program, a number of booksellers have asked the question: "In purely financial terms, how many more gift cards will I have to sell to achieve the same number of gross profit dollars as I would have selling paper gift certificates?"

To provide an answer to this question, ABA has prepared a three-year analysis of potential returns comparing paper gift certificate and electronic gift card sales.

The assumptions are:

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23 Sep

ABA Revenue Survey Deadline Extended

The deadline for responses to ABA's semi-annual sales revenue survey has been extended to Monday, September 29. Bookstores participating in the Book Sense marketing program were sent the survey in an e-mail on Wednesday, September 10.

Responses to the survey provide the association with a picture of how its members are performing and enables ABA to answer questions from the press and other interested parties about the performance of independent bookstores as a group. All individual store responses are kept confidential.

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About ABA

The American Booksellers Association, a national not-for-profit trade organization, works with booksellers and industry partners to ensure the success and profitability of independently owned book retailers, and to assist in expanding the community of the book.

Independent bookstores act as community anchors; they serve a unique role in promoting the open exchange of ideas, enriching the cultural life of communities, and creating economically vibrant neighborhoods.

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