Faced with what should have been easy comparisons to January 2018, when bookstore sales fell 9.6% compared to 2017, bookstore sales nonetheless fell this past January compared to a year ago. According to preliminary estimates released by the U.S. Census Bureau, January sales fell 10.6%, to $1.10 billion, from $1.23 billion in January 2018. There are likely several factors for the decline. January is a big back to school month for college students and sales at college stores have steadily softened in recent years. In addition, last January saw huge sales for Fire & Fury, which ended the year selling about 1 million copies. There were no major blockbusters released in January 2019. The decline in bookstores is in contrast with the 3.4% increase posted by the entire retail segment over January 2018.
InnerWorkings, Inc. (NASDAQ: INWK), the leading global marketing execution firm, announced that Andres Siefken has been appointed Senior Vice President and Global Managing Director for the company’s EYELEVEL retail environments business. In this role, Mr. Siefken will be responsible for driving EYELEVEL’s global strategy, growth, profitability, and collaboration with the company’s other service offerings to serve new and existing clients.
Mr. Siefken brings a wealth of retail business leadership experience with a track record of delivering accelerated revenue and profit growth for mid-market and Fortune 100 companies in the retail, consumer product, and financial service industries. He has held Chief Marketing Officer and other senior leadership positions in marketing with companies such as Mastercard, Daymon Worldwide, and Anheuser-Busch InBev, among others.
“During the six years since acquiring EYELEVEL, we have established our position as a global leader in retail fixtures, displays, turnkey flagship stores, and digital point of sale solutions for many of the world’s best brands,” said Rich Stoddart, InnerWorkings’ President and Chief Executive Officer. “We are seeing growing demand for retail solutions that elevate customer execution and determined a transformative leader like Andres would accelerate our ability to deliver seamless connections with consumers at the retail level. I am very excited to have Andres on board.”
“There are so many terrific brands in need of a new approach to marketing execution, from ideation to implementation at a global level”, said Andres Siefken. “I firmly believe in the power of InnerWorkings’ innovative thinking to transform end-to-end marketing services for our clients and I am proud to lead that evolution to global brands in the retail environment.”