From The Bookseller:
Blackwell’s losses deepened in its last financial year, with the move of one of its flagship campus shops in Manchester to a temporary venue a contributing factor. However, investment in its stores and an increase in e-textbook sales have lead to a 10% growth more recently, the company said.
In the year to 25th June 2016, Blackwell’s recorded a loss of £2.9m on a total turnover of £43.3m on its continuing business, down from £2.2m on sales of £45.8m in the 52 weeks to 27th June 2015 (excluding the closure of its library services US contracts in the prior year).
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The company has also invested in its e-commerce site, distribution capabilities and grown its London-based Blackwell Learning team. With digital resources being used more widely in UK Higher Education, the company has struck a number of partnerships with universities for students to use it e-textbook platform, and sales are up 249% year on year, it said.
Link to the rest at The Bookseller