Basic Bookstore Finance–An Update on the 2% Solution

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Monday, February 9, 2015 - 3:35pm to 4:45pm

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

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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