This is in no small part because of the loyalty of our beloved customers. So often people tell us how much they love the store, that the 'store has a certain buzz to it.' (Not to mention the creaky wood floors.) All of this is reflected in our extraordinary staff, many of whom have been with us for decades… "In spite of the dire predictions on the fate of bookstores, libraries, and books on paper, Brookline Booksmith is thriving. We are deeply proud to have fostered not just a bookstore but a cultural center that so clearly reflects the essence of Brookline and surrounding areas: Their thirst for knowledge and education their sense of humor and fun and their commitment to the importance of community for all residents. The three owners wrote: "Collectively we have over 100 years of residence, community involvement, activism, and devotion to the Town of Brookline. In recent years, the store added gifts, greeting cards, a "brain fitness center" and a "fine arts center." Now owned also by manager Dana Brigham and treasurer Evelyn Vigo, Brookline Booksmith has a strong events program. Eventually the store changed its name and began selling hardcovers, remainders and used books. Originally known as Paperback Booksmith (which for a time became a string of stores in the Northeast), the store was founded by Marshall Smith and at the time was one of only three paperback-only bookstores in the country. The store will have a celebratory party after the holiday season. The store is celebrating with a day-by-day 20% off sale for five days, starting Tuesday, November 1, in a different category each day: hardcovers used books and remainders children's books gifts and learning products and finally, going back to the store's roots, paperback books. CEO Jeff Bezos said orders for the new Kindle Fire, which appears next month, are high enough so that "we're increasing capacity and building millions more than we'd already planned."Ĭongratulations to Brookline Booksmith, which turns 50 next week. Full- and part-time employees grew 64%m to 51,300 in the quarter, compared to 31,200 in the same quarter last year.Īs usual, Amazon did not give any meaningful figures on Kindle sales.Amazon launched a Spanish-language website and launched a French Kindle store.
Wall Street didn't like the news since the loss was larger than analysts' consensus. The e-tailer had forecast a big drop in profit because of major investments, including 17 new warehouses, expansion of data storage and the sales of millions of Kindles priced below cost. In the third quarter ended September 30, net sales at rose 44%, to $10.88 billion, and net income fell 73%, to $63 million.
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