About Me

A blog wherein a literary agent will sometimes discuss his business, sometimes discuss the movies he sees, the tennis he watches, or the world around him. In which he will often wish he could say more, but will be obliged by business necessity and basic politeness and simple civility to hold his tongue. Rankings are done on a scale of one to five Slithy Toads, where a 0 is a complete waste of time, a 2 is a completely innocuous way to spend your time, and a 4 is intended as a geas compelling you to make the time.

Thursday, January 7, 2010

2009 Post-mortems, the first

So Barnes & Noble reported a disappointing holiday season, with same store sales dropping 5.4%. Their expectation had been for a smaller drop of 1-3%, and as a result they have downgraded their earnings expectations.

Nielsen Bookscan reported a 3% drop in unit sales at their reporting outlets, with most of the drop in adult non-fiction, and adult fiction down just 1%.

In this environment I'll be curious to see what Borders reports, which I believe is scheduled for the latter half of next week. I did think Borders was better-positioned than B&N was, at least as far as my little JABberwocky corner of the world was concerned, but Borders also had a steeper uphill climb because of their challenges the past two years.

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