Womenswear retailer Coldwater Creek shuts down operations (fashionunited.com)

Total Company net sales for the three months ended April 30, 2021, increased 57.6% compared to the three months ended April 30, 2020. For the three months ended April 30, 2021, the gross profit rate increased to 32.4% from 2.0% in the prior year’s comparable period. Gross profit dollars increased by $288.8 million to $300.7 million from $11.8 million in the prior year’s comparable period. Net income for the three months ended April 30, 2021, was $54 million and record first quarter earnings per diluted share was $0.54.

A BISG webinar held in early July sought to draw attention to the growing challenges in the book industry’s supply chain. Panelists pointed to shortages of truck drivers and trailers, congestion at the ports, and escalating transportation costs as factors that, in the words of David Hetherington, Book International’s v-p of global business development, were putting more pressure on the supply chain than at any time he could remember. In the ensuing two months, things have gotten worse, as printing capacity continues to shrink and labor shortages have made it difficult for printers, retailers, and wholesalers to fully staff their businesses. Concerns have risen to such a level that the two biggest trade wholesalers, Ingram and Bookazine, have reached out to their accounts to urge them to take a range of actions to try to mitigate problems, informing them of steps they should take to be better positioned to meet the needs of the fall and holiday. Top of the recommendation list from both Ingram and Bookazine is for accounts to order as early as possible.

The shortlist for the prestigious Newspaper and Magazine Awards (NME) has been announced, with two Bauer titles being nominated. Eclipse Mega Monthly Wordsearch is shortlisted for Newsstand Magazine of the Year – General for the second year in a row and Take a Break Puzzle Annual has been nominated for in the new category, Bookazine of the Year. With regards to the two nominations, John Simmonds, Publisher of Puzzles Titles comments “It’s amazing to have two titles from the puzzle portfolio shortlisted for this year’s NMA Awards. 2023 was a great year for our puzzle brands – a year in which Take a Break Puzzles became the biggest selling puzzle brand in the UK. Being nominated in these two categories is a reflection of the hard work of the teams involved, not just in these two titles, but across all of the portfolio.”