Midland Paper, Packaging & Supplies, a $1 Billion wholesale distribution company based in Chicago, IL, announced this week that Stan Hooker, the company’s long-time Chairman & CEO, has retired and sold his majority interest to his three partners, Ralph DeLetto, Mike Graves, and Jim O’Toole. This transition allows the company to continue its long tradition of being the leading independent paper and packaging distribution company in North America. Mr. Hooker said: “The timing of this transition is good for me personally, as my wife and I can devote more time to being with our friends and family, and the timing is good for Midland given the company’s strong financial position and its proven senior leadership team at the helm”. Mike Graves, the company's President and COO, will assume the role of CEO. Mr. Graves noted: “we are grateful to Stan for his longstanding leadership at Midland, and we look forward to continuing Midland’s legacy as an entrepreneurial, independent organization that strives to be the first choice for suppliers and customers alike”.
Despite nonfiction sales being down in all major categories, unit sales of print books managed to eke out a 1.1% increase last week over the week ended June 20, 2020 in outlets that report to NPD BookScan
Solid sales of backlist titles drove up unit sales 25.7% in the young adult fiction segment while adult fiction sales increased 16% in the week and juvenile fiction sales rose 2.2%.
Only one new release made an impact on adult fiction sales. The Maidens by Alex Michaelides sold close to 25,000 copies in its first week on sale, landing it in second place on the adult fiction bestseller list.
more at source: https://www.publishersweekly.com/pw/by-topic/industry-news/bookselling/article/86738-unit-sales-had-small-gain-last-week.html