Bookstore turned small profit in 2007
https://archives.anglican.ca/link/article39415
- Author
- De Santis, Solange
- Material Type
- Journal Article
- Journal
- Anglican Journal
- Date
- 2008 May
- Author
- De Santis, Solange
- Material Type
- Journal Article
- Journal
- Anglican Journal
- Date
- 2008 May
- Volume
- 134
- Issue
- 5
- Page
- 17
- Notes
- "In 2007, the Anglican Book Centre (ABC), the Canadian church's Toronto retailer, survived and looks like a viable operation for the future, according to its new manager, the Lutheran publisher and retailer Augsburg Fortress. Slated to close its storefront outlet in favor of a Web and telephone-only operation, the bookstore experienced sharply reduced sales last year [2007] but made a small profit, said manager Andy Seal. Final numbers were not yet available and comparisons with previous years are somewhat difficult since Augsburg took over management of the operation in June 2007 from the Anglican church's national office, called General Synod. Peter Blachford, treasurer of General Synod, said he expected that bookstore sales for all of 2007 were about half the $2.96 million recorded in 2006. Mr. Seal in an interview, estimated that the operation showed a profit of $25,000 last year, showing that 'the store did perform such that it is a sustainable location'. In 2006, said Mr. Blachford, the store lost $504,000 and in the three years before that, total losses were $899,000. In the five years prior to 2003, the store returned a total of $1.38 million in profits to General Synod, but began to feel the pressure of competition from the Internet and mega-booksellers such as Amazon.com and Chapters/Indigo. In addition, the store experienced a difficult move to a new building in 2004 and the departure of two managers".
- Subjects
- Anglican Book Centre
- Anglican Church of Canada - Finance
- Augsburg Fortress Canada
- Religious bookstores - Canada
- Religious bookstores - Anglican Church of Canada
- Christian publishers and publishing - Canada
- Seal, Andy
- Blachford, Peter
- Location
- General Synod Archives