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ABACUS 2007: Did You Know...
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Did you know ... of the 172 bookstores that participated in both the ABACUS 2006 and ABACUS 2005 surveys, 104 stores (or 60 percent of the total) reported an increase in sales between 2005 and 2006. The average sales increase was more than 10 percent.
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The American Booksellers Association is currently collecting data from member bookstores for the 2007 ABACUS survey via an enhanced web form.
Each ABA member bookstore participating in the study will receive a customized report with detailed analysis of their store's financial results; comparisons with other stores based on more than 20 different criteria; an executive summary of the study's key findings; key insights into the drivers of independent bookstore profitability; year-to-year trends data; and opportunities to participate in ancillary studies -- all tools that can be used to evaluate and improve a store's financial performance.
To make it easier for booksellers to participate this year, the ABACUS survey also allows users to download an Excel spreadsheet that they can use to organize the information from their financial statements so that it matches the categories on the ABACUS form.
The closing date for booksellers to submit data for this year's survey is August 15, 2007. Booksellers who submit completed surveys by that date will receive a $50 rebate off their ABA dues. For most booksellers, completing the survey takes no more than an hour or so, and all information provided is kept strictly confidential.
A number of the key findings from last year's study are now available to all ABA bookstore members in the 2006 ABACUS Review, which ABA CEO Avin Mark Domnitz presented at the ABACUS Lunch at this year's Winter Institute.
Questions about the ABACUS study should be directed to David Walker at [email protected] or (800) 637-0037, ext. 6612.