Quick Note: Llewellyn Talks Finances in a Post-Borders World

Minnesota newspaper the Star Tribune does a profile of local business Llewellyn Worldwide, the largest publisher of Pagan and metaphysical books. In the article owner Carl Weschcke addresses the recent collapse of Borders, which cost the company half a million dollars, saying they've managed to stay profitable.The company has weathered the Great Recession despite losing $500,000 in the Borders bankruptcy, Weschcke said. He credited stringent controls put in place by his wife, and company president, Sandra Weschcke, for keeping the company profitable despite the Borders loss. Their son Gabe Weschcke is Llewellyn's vice president. The company ended its 2011 fiscal year June with $15 m … [Read more...]

Borders Closure a “Body Blow” to Pagan Publishers

On July 22nd the bookstore chain Borders started the process of closing its 399 remaining locations. This move was long predicted by industry watchers as the once-mighty chain wobbled in the face of Amazon.com's rise (a company it once outsourced to) and costly missteps in non-book merchandise. The last few weeks of media coverage has featured a mixture of fond reminiscences, 20/20 hindsight analysis,  and predictions for the future of the book-selling industry. Many of the predictions haven't been too cheery, for example, the investment site The Motley Fool predicts that Barnes & Noble will ultimately suffer the same fate, noting that "just because B&N will be the last one standing … [Read more...]