(Article: Sun Journal)
[Article published by The Motley Fool, June 6, 2004]
The demise of print continues to be a story that garners the focus of journalists writing about books and publishing. Apparently it’s easier to write the same story over and over rather than actually digging a bit and parsing the numbers and information specific to the industry.
Following on the heels of Book Expo America (BEA) in New York City, publishing’s premier annual event, here are a few of my thoughts from the perspective of a writer, an author, and an independent publisher.
Battle continues for publishers
Since Amazon.com (NASDAQ: AMZN ) is always the elephant in the room, let’s just acknowledge them early and be done with it. What’s left to say about the online retailing behemoth, whose practices continue the trend toward shuttering smaller, independent bookstores? It appears that Jeff Bezos will not take his foot of the accelerator of Amazon until every last bricks and mortar store is boarded up. Continue reading
[Article published by The Motley Fool; April 30, 2014]
When it comes to running shoes, up until last Monday’s Boston Marathon, Skechers (NYSE: SKX ) was considered more a shoe for recreational walkers than world-class runners. But Meb Keflezighi’s win on Patriot’s Day, one year after tragedy visited the city, had runners looking anew at the brand.
Not everyone’s an elite marathoner, but even amateur athletes logging fewer miles each week than Keflezighi ran in Boston in just over two hours, took notice of the runner’s historic performance—the first win in Boston for an American male since 1983, and doing it a few weeks from his 39th birthday, his age making it even more improbable. More important for Skechers, suddenly everyone was paying paying attention to what Keflezighi was wearing on his feet. As a result, Skechers’ stock price shot up nearly 10 percent by mid-week, closing above $40 per share for the first time in four years. Continue reading