Notes: Mrs. Nelson's Turns 20; B&N Affirms
Congratulations! Tomorrow Mrs. Nelson's Toy and Book Shop, La Verne,
Calif., east of Los Angeles, begins celebrating its 20th anniversary
with an 11-day series of events that features two author appearances a day. In
addition, the children's store will have a Thomas the Train &
Friends 60th Anniversary Trunk Tour event. The series leads into
Halloween, when the store will stage a Haunted House Friday through
Monday--and host a costume party contest on Halloween at 4 p.m.
Among the authors appearing: Barney Saltzberg (Cornelius P. Mud, Are You Ready for Bed?), Alexis O'Neill (The Recess Queen), Marianne Wallace (America's Seashores: Guide to Plants and Animals), Joan Graham (Flicker Flash), Hope Anita Smith (The Way a Door Closes), Alexandria LaFaye (Worth) and Kathryn Hewitt (No Dogs Here). As part of the celebration, Mrs. Nelson's is also holding two educators' nights of book talks, refreshments and prizes.
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On the day after Borders announced that it was lowering earnings estimates for the quarter because of "weaker than expected sales trends," the stock was downgraded by Prudential from "neutral" to "underweight." On an off day on Wall Street, Borders closed at $19.51 a share, down 7.5%, at volume more than six times the usual trading volume. The stock hit a 52-week low.
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To dispel any doubt sowed by the Borders restatement, Barnes & Noble yesterday reaffirmed its sales and earnings predictions for the third quarter ending October 29. The company expects sales at stores open at least a year to rise in the low single digits and to have a net loss somewhere between one and four cents a share.
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Barnes & Noble will open a store in the Clackamas Town Center at 12000 Southeast 82nd Avenue in Portland, Ore., in April. After it opens, B&N's store at 9078 Southeast Sunnyside Road in Clackamas will close.
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The Canada Council of the Arts has announced the 69 finalists for the Governor-General Literary Awards. The English-language fiction finalists are:
Winners in all categories will be announced November 16. For the full list of nominees, go to the Canada Council of the Arts Web site.
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Today's New York Times notes that fear "that fuel prices will crimp spending on holiday shopping later this fall" is making retailers, advertisers and marketing begin their Christmas pitches now. Candace Corlett, a retail consultant at WSL Strategic Retail, told the paper: "If we're hit with a very cold November or December, that would really scare shoppers." She also said she has already seen markdowns on such holiday merchandise as candles and chocolates.
Next week the after-Christmas sales start?
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The Times also picks up on Penguin Press's new, stylish edition of the classic Elements of Style by William Strunk, Jr., and E. B. White, which features illustrations by Maira Kalman, the artist and children's book author and illustrator. "Each sentence was so full of incredible visual reference," she told the paper. "I said to myself, how could anyone not have illustrated this before?"
Kalman also found the text musical, which has led to an even more unlikely event than an illustrated Elements of Style: tonight the Elements of Style song cycle by composer Nico Muhly makes its debut at the New York Public Library.
Among the authors appearing: Barney Saltzberg (Cornelius P. Mud, Are You Ready for Bed?), Alexis O'Neill (The Recess Queen), Marianne Wallace (America's Seashores: Guide to Plants and Animals), Joan Graham (Flicker Flash), Hope Anita Smith (The Way a Door Closes), Alexandria LaFaye (Worth) and Kathryn Hewitt (No Dogs Here). As part of the celebration, Mrs. Nelson's is also holding two educators' nights of book talks, refreshments and prizes.
---
On the day after Borders announced that it was lowering earnings estimates for the quarter because of "weaker than expected sales trends," the stock was downgraded by Prudential from "neutral" to "underweight." On an off day on Wall Street, Borders closed at $19.51 a share, down 7.5%, at volume more than six times the usual trading volume. The stock hit a 52-week low.
---
To dispel any doubt sowed by the Borders restatement, Barnes & Noble yesterday reaffirmed its sales and earnings predictions for the third quarter ending October 29. The company expects sales at stores open at least a year to rise in the low single digits and to have a net loss somewhere between one and four cents a share.
---
Barnes & Noble will open a store in the Clackamas Town Center at 12000 Southeast 82nd Avenue in Portland, Ore., in April. After it opens, B&N's store at 9078 Southeast Sunnyside Road in Clackamas will close.
---
The Canada Council of the Arts has announced the 69 finalists for the Governor-General Literary Awards. The English-language fiction finalists are:
- Joseph Boyden for Three Day Road (Viking)
- Golda Fried for Nellcott Is My Darling (Coach House)
- Charlotte Gill for Ladykiller (Thomas Allen & Son)
- David Gilmour for A Perfect Night to Go to China (Thomas Allen & Son)
- Kathy Page for Alphabet (Orion)
Winners in all categories will be announced November 16. For the full list of nominees, go to the Canada Council of the Arts Web site.
---
Today's New York Times notes that fear "that fuel prices will crimp spending on holiday shopping later this fall" is making retailers, advertisers and marketing begin their Christmas pitches now. Candace Corlett, a retail consultant at WSL Strategic Retail, told the paper: "If we're hit with a very cold November or December, that would really scare shoppers." She also said she has already seen markdowns on such holiday merchandise as candles and chocolates.
Next week the after-Christmas sales start?
---
The Times also picks up on Penguin Press's new, stylish edition of the classic Elements of Style by William Strunk, Jr., and E. B. White, which features illustrations by Maira Kalman, the artist and children's book author and illustrator. "Each sentence was so full of incredible visual reference," she told the paper. "I said to myself, how could anyone not have illustrated this before?"
Kalman also found the text musical, which has led to an even more unlikely event than an illustrated Elements of Style: tonight the Elements of Style song cycle by composer Nico Muhly makes its debut at the New York Public Library.