Basic Bookstore Finance–An Update on the 2% Solution

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Monday, February 9, 2015 3:35 PM to 4:45 PM EST

The recent ABACUS Study of independent bookstore operations showed that the average profitability of all independent bookstore respondents was -1.4%. Looking at the drivers of bookstore profitability and examining how these can be used can move your business to greater profitability. Moving from negative profitability to +2% is a long journey.  This seminar will help you start mapping a new course.

  • Nicole Magistro, The Bookworm of Edwards (Edwards, CO)
  • P.K. Sindwani, Towne Book Center & Café (Collegeville, PA)
  • Robert Sindelar, Third Place Books (Lake Forest Park, WA) (Moderator)
     

About ABA

American Booksellers Association is a national trade association that supports and advocates for the success of independent bookstores. We provide members with education, networking opportunities, advocacy, resources, and technology. In turn our members support local schools through book fairs, donations and author visits; promote literacy; provide inclusive community centers; connect readers and books; add character to neighborhoods; champion and center diverse and new voices; and contribute to the local economy. We feel honored to support them in their work.

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