Finances - Bookstore

Booksellers looking to further their understanding of bookstore financial operations can now register for ABA’s Principles of Bookstore Finance Workshop, which will take place just ahead of the NAIBA and NCIBA fall trade shows.

Join the hundreds of booksellers who have found the ABACUS survey to be an invaluable tool for financial and strategic planning: Submit your store’s 2015 data via a secure, confidential form by the July 1 deadline.

Dan Cullen, ABA’s senior strategy officer, is urging stores to participate in the ABACUS-15 survey, a unique tool that can help booksellers with strategic and financial planning, gaining access to capital, negotiating with landlords, and more.

“An incredible resource.” “An invaluable tool.” “The rewards are overwhelming.” These are just some of the positive things that ABA member booksellers have to say about ABACUS.

ABA will present “Principles of Finance,” a six-hour workshop for booksellers involved in bookstore budgeting and financial forecasting, on Saturday, October 15, in Baltimore, Maryland, and on Wednesday, October 26, in San Francisco, California.

A new rule from the Department of Labor that automatically extends overtime pay protections to more than four million workers within the first year of its implementation was opposed by various business groups, including the National Retail Federation.

BanCard Systems, the ABA’s affiliated credit card processing company, is changing its name to Applied Merchant, following a recent merger with Applied Merchant West Coast, LLC.

After bringing back the innovative Community Lenders program to raise funds for its second storefront location in Brooklyn, New York, Greenlight Bookstore has received 55 loans totaling more than $150,000.

To help small business owners navigate the loan process, the Small Business Majority is hosting the free webinar “Access to Capital 101: Funding Options to Start and Grow Your Business” on Wednesday, April 13.

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As plans progress for Greenlight Bookstore’s second location, owners Rebecca Fitting and Jessica Stockton Bagnulo have re-launched the store’s Community Lenders Program, as much to build a relationship with the new neighborhood as to raise start-up capital.

Here, booksellers who will be featured on the Winter Institute 11 panel “How to Keep Seasonal Customers Year-Round” share some of their best practices for keeping engaged with local customers and seasonal visitors to spur sales during slow months.

Arizona’s Antigone Books and New Hampshire’s MainStreet BookEnds have each reaped the benefits since switching to solar-powered electrical systems in 2011.

On Friday, October 30, the Securities and Exchange Commission adopted final rules that will allow companies to offer and sell securities through crowdfunding.

As the credit card industry prepares to shift to EMV chip card technology, several point-of-sale vendors working on transitioning bookstores to new equipment have provided status updates as well as contact information for booksellers looking to learn more.