Texas Bookman Launches On-line Outlet
Dallas, Texas Bookman has launched TexasBookman.com, an online wholesale distributor of remainder, promotional, closeout, and bargain priced books. The site carries more than 1,500 titles, with an emphasis on the visual and performing arts, architecture, history, literature, children’s stories, crafts and science.
The new outlet allows customers to view and order merchandise in real time, instead of depending on quarterly print catalogs that may be out of date.
TexasBookman.com is a wholly owned subsidiary of Half Price Books.
RedPrairie to Acquire StorePerform
Milwaukee, Wis., Supply chain software supplier Red Prairie Corp. has signed a deal to buy StorePerform Technologies, which will become part of its retail productivity solutions division.
StorePerform president Srikant Vasan will continue to provide business leadership for the StorePerform group, Denver, and no downsizing is planned due to the acquisition.
Best Buy Reports 3Q Net Income Jump, Profit Margin Fall
New York City, Best Buy Co. reported net income of $150 million for the fiscal third quarter ended Nov. 25, compared with $138 million a year earlier. Comp-store sales rose 4.8% for the quarter. The company also said revenue rose 16% to $8.47 billion, beating analysts’ average forecast of $8.45 billion. The addition of 227 new stores added during the past 12 months contributed to this gain.
Best Buy said its gross profit rate for the third quarter was 23.5% of revenue, down from 24.4% a year earlier.
Factors including increased sales of lower-margin products, such as notebook computers and video-game consoles, and hefty promotions during the Thanksgiving holiday shopping weekend, are likely attributed to the decline, according to the company.