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Fill Out the ABACUS Survey to Earn an Extra Spot at Winter Institute 2019!

Posted By Linda-Marie Barrett, Monday, June 11, 2018
Updated: Friday, June 8, 2018

Fill Out the ABACUS Survey to Earn an Extra Spot at Winter Institute 2019!

 

The deadline to participate in the annual ABACUS financial independent bookstore survey is Friday, June 15. Bookstores that have never submitted to ABACUS that participate in ABACUS-17 will this year have the option of registering an additional staff person for the upcoming Winter Institute, set for January 2019 in Albuquerque, New Mexico.


This year, each region with at least 35 reporting stores will receive a data aggregate specific for their own region’s respondents. This data will be provided in Excel and will include all the metrics shown in the ABACUS report. And all participating bookstores from eligible regions will also receive the regional data in their individual company performance reports. Let's make this happen for the SIBA region, folks!

 

What we learned the last time we received a regional report (from 2014 data):

  • SIBA stores had a lower COGS and higher gross margin than ABA average
  • SIBA stores had lower payroll costs than ABA average
  • SIBA mid-range stores had higher occupancy and operational costs than ABA average
  • With the exception of mid-range stores, all SIBA stores did better than ABA average

  

SIBA Board President Doug Robinson, owner of Eagle Eye Book Shop, writes this about ABACUS, "Using my Quickbooks reports, I finished the survey in about 1.5 hours. I am strongly urging all of you to participate in the survey. ABACUS is a yearly, members-only survey which gathers valuable information that can help improve a bookstore's operations...and bottom line. Input from hundreds of ABA members results in valuable data that help ABA establish the benchmarks recommended for stores to improve business operations and profitability....What do you get out of this?...You'll get the ABACUS executive summary and a customized report for your store that analyzes the financial results...and you'll be helping all indie bookstores to better understand their financial results."

 

ABA member bookstores can begin the submission process by going to www.ABACUSbenchmarking.com. If stores participated last year, the store account information has been carried forward. New participants will need to create an account to access the site.

 

Stores with questions about ABACUS can email Michael Becher of Industry Insights, the company that assists ABA in compiling and creating the annual report.

Tags:  ABA  Abacus  booksellers 

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News from SIBALand, March 18, 2016

Posted By Nicki Leone, Friday, March 18, 2016

Jill Hendrix, Fiction AddictionDear SIBA member,

It was great seeing so many of you at the SITS & GABBS event in Atlanta a week or so ago. For those of you who couldn’t attend here’s a recap of the education that SIBA and the ABA provided:

  • I presented the results from the first ABACUS South financial survey (Power Point, handout). Many thanks to the ABA for making this possible! I’d love to get even more SIBA members participating this year so watch for the survey for FY 2015 coming from the ABA in a few months. For those who’ve never participated, take a look at the questions from last year’s survey and you’ll see that it’s basic information taken from your taxes. So hand a copy to your bookkeeper (i.e., the store owner for many of us J) or accountant and ask them how hard it would be for you to participate this year.
  • We heard about the New Localism from Oren Teicher, the CEO of ABA, and then had an open discussion forum about the challenges and opportunities we are seeing in our channel.

The SIBA board also held our first board meeting of the year. We drafted a survey that I’ll be asking you to fill out in my next bimonthly email. Since this is my last year on the board, we have a slot coming open and I encourage you to consider serving; self-nominations are welcome. Feel free to email and ask me any questions you might have about serving. Here is the Call for Nominations. Deadline for nominations is end of day,  April 15.

I hope many of you are planning to attend BEA in Chicago in May. Remember to pack your Y’all Buttons so it will be easier for us to recognize each other among the hordes. BEA has heard bookseller complaints about the show being in NYC for the last several years and is testing moving it around the country. So when deciding whether to attend or not keep in mind that if we don’t bring a good turnout of booksellers to Chicago then the show may move back to NYC permanently. ABA member booksellers who have not attended BEA in the last two years have the opportunity to win one of 60 BEA Scholarships that consist of cash stipends of $435 each to help defray their hotel and travel costs to BEA 2016. The ABA will hold their publicity speed-dating event again this year. I participated last year and highly recommend it.

I’m so happy the weather has finally warmed up and I hope you’re having lots of customers looking for Easter gifts and gardening books!

Regards,

Jill Hendrix
SIBA President
Fiction Addiction owner
jill@fiction-addiction.com

Tags:  Abacus  baton-twirling  BEA  GABBS  Kate DiCamillo  One Book One South  SITS 

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