Wednesday, July 27, 2022

Sorry I haven't posted anything lately. I do write a lot, but I keep it private sort of as a diary.

I'm continuing to take a break from writing. I mostly fulfilled my ambitions there: more successfully than I expected, less than I'd hoped. It is a very overstuffed market, to say the least. Hard to make any headway, especially with all the preconditions I set for myself: 1.) That I wouldn't do any promotions that were stressful, thus eliminating most promotions, and 2.) That I wouldn't do any promotions that were demeaning, thus eliminating what few promotional efforts were left. 

I kept writing as long as opportunities presented themselves. It seemed like doors kept opening, if only a few inches--but I'm pretty good at sliding through those narrow cracks. But eventually, the efforts began to stall. There were a few setbacks--mostly from my publishers not following through at opportune times, but that's the nature of the beast. 

Meanwhile, the store is doing fantastic. 

I decided to dedicate the last two years of my ownership of Pegasus Books to minding the store. I've concentrated on buying books for the store over the last couple years: Identifying, Ordering, Stocking, breaking down boxes and packing material. It has turned almost into a full time job. But every time UPS brings in 20 big boxes of books, I remind myself--that is how many books we're selling.

I originally hoped to maybe gross a grand a month in books--instead, books now account for 60% of our total sales. If I take books out of the equation, we'd be doing about the same business we were doing in 2019. You do the math. 

We are on pace for an all-time record month in July, beating last Christmas.  Five very hot days ahead of us, so we may not quite make it, but WOW.

I'm pretty good at identifying books. This isn't bragging--it's just how my brain works. I seem to be able to ferret out perennial bestsellers and then keep them in stock. 

Doesn't hurt that Magic and Pokemon are selling like crazy, that I've been able to stock the store with more toys than ever, that comics leveled off about a year ago and have been slowly going up again. Everything seems to be firing on all cylinders. 

It's late in the game, but it's also very fun and gratifying.

Wednesday, July 6, 2022

Busiest I've ever seen it.

At least people-wise. Our sales are about equal to last year, but I swear we're getting more people in. Went into the store yesterday to file books, and check inventory. I got the first half done, but threw up my hands on getting the second part done. Everywhere I turned, there were people standing there. 

Kind of threw Ashley to the wolves there. She worked Monday and Tuesday and had to deal with the hordes. I dealt with the hordes on Sunday. I'll be going in most of the rest of the week just to deal with the volume of product and to help out a bit.

Can it get too busy? What a thing to complain about!

Tuesday, July 5, 2022

Why go backward?

Maybe it's just me, maybe it's my age, but I'm finding that almost no book or movie holds up on second viewing. 

While watching "The Offer," which tells the making of "The Godfather," it became clear to me that Linda had never seen the the movie. So we sat down last night to watch it.

It's a fine movie, good. But my memory of watching it when it first came out is so big in my mind that it just didn't match my expectations. I've had the same experience with "The Wild Bunch" and "The French Connection," not to mention "Star Wars."  My favorite movie memories. 

I'm having trouble reading my favorite books. Andre Norton, Fred Saberhagen, and most of the Golden Age SF authors are unreadable to me now. 

Even a later (2001) reading of "Lord of the Rings," didn't live up to memory. 

These books had a time and place, a context that can't be recaptured for me. I don't tend to rewatch or reread things anyway, but this has just reinforced that tendency. So much to read and and watch. Why go backward?

Wednesday, June 29, 2022

Street closures...again.

So the street closure last weekend kind of hurt us. It was one of the stupider things they've done--closing the street without anything happening near us. But it's only stupider in scale. Most street closures hurt us.

We were down about 40% from last year. Tom Bean at Dudley's also mentioned it hurt him.

In Sunday's paper the owners of Zydeco were mentioning that all the events were hurting their business. 

There's always been an undercurrent of dissatisfaction with street closures among some downtown business owners. Most don't say anything so as not to rock the boat. Others have bought into the idea that these promotional events help business in the long run. (I disagree with this assessment, and have never seen any evidence it is true. Besides...downtown is already booming. I'm not sure we need to keep stepping on the accelerator.)

I guess my stance is--only close the streets for the most important of reasons. The 4th of July pet parade is a great reason. The Christmas Parade. 

Also, try not to close the streets on the peak weekends of summer when we already have hordes of tourists spending money in our stores--try not to distract them, or point them in another direction!

Anyway, I wish someone could take the bull by the horns and write a nice, reasoned open letter to the Powers-That-Be who decides these things, and get what downtowners agree with it to sign it. 

I'm not the right person to spearhead this effort. 

It used to be that I couldn't get anyone to express their opinion on the matter, and at least now I'm hearing some other business owners express disagreement with the constant events and street closures, so maybe it will happen. 

Someday. 

Sunday, June 19, 2022

Feeling very thankful right now.

It has been sinking in what a gift it was to be able to go home and write for 8 straight years and still earn a subsistence income from the store. As I near retirement, I realize that I could have earned a lot more during those years, but our finances are still fine. Our nice house is paid for, we have no debts, and we have enough saved up to actually take home more money during retirement than we currently are taking home.

Sometimes it seems like I push everything into the future, but this is one time where I prioritized my own wants and needs. I got to do something I always wanted while being able to continue another thing I always wanted. Being a writer and owning a bookstore were the two things I wanted to do, and I got to do them.

So whenever I feel like I haven't really done a lot of extracurricular things, or traveled much, or bought a bunch of cool things, I need to remind myself that I gave myself the biggest gift of all: Time. 

Linda supported me in all this without the slightest qualm. I was lucky to have Sabrina run the store; she's a woman of integrity and talent. She'll be buying the store and she deserves to have it. 

I stopped writing a couple of years ago, but that's fine too. I got it out of my system, more or less. The books turned out pretty well, I think.

The store is booming. It's just a confluence of events, I think. Downtown booming, books are booming, I'm paying 100% attention to the store and that is having a huge effect. So I'm enjoying this turn as well. 

The world at large seems pretty uncertain right now, but when hasn't that been true?

Feeling very thankful right now. 

Thursday, June 16, 2022

It only took 40 years to get here.

I can, of course, tell how well we're doing by looking at our sales totals. I can see it everyday in the steady stream of people coming in. But what really nails it is the boxes I have to deal with. Stacks of boxes come in every few days, the contents of which have to be accounted for and then stocked.

It's been a huge surprise how big of deal this has become. I have to deal with a huge amount of packing material--popping the plastic bubbles, neatly folding the crumbled paper rolls. Doesn't sound like a big deal, but it takes time. It fills the bins. Sometimes they overflow. Then I have to break apart the boxes and find a place to put them. Finally, I have to haul them to the alley a block away and hope there is room in the bins. 

When you get 20 large boxes every few days, it really comes home how much material we're selling. Each of those boxes represent material we've already sold. I say already because the store doesn't have room to display anything new unless something already in stock has sold. 

Obviously, I'm not complaining. I'm rather wowed by it. I have seen downtown go from being so slow and empty that you could shoot a cannon down the street and not hit anyone to the swarms of people that fill the sidewalks on an average day. Over the years downtown has had its ups and downs, but it has been a pretty steady trend upward. It was noticeable to me enough for me to agree the rent increases as they came along. 

The special events--which again seem to be accelerating--are unnecessary now, but unfortunately unavoidable. I just have to grin and bear it. Street closures don't kill us like they used to because I've succeeded in mainstreaming the store to the point where the average person can find something they're interested in. 

This week we had a missing box. It took the full week to finally track it down and deliver it to the store. I could tell that it stressed Sabrina a bit. Which brought home the bad old days when such occurrences were common. Back then, if we missed a shipment it really hurt. We depended on timely sales, and we didn't have a lot of margin for error. 

Again, I've tried to diversify and mainstream the store so that we aren't so dependent on any one particular product to keep us going. 

It's nice. It only took 40 years to get here.

Wednesday, June 15, 2022

JIT SKU's

Boring subject, but it's interesting to me.

We've always been pretty much a JIT (Just in Time Shipping) store when it come to books...and most other things.. At first it was because I could really only afford one SKU (stock keeping unit) at a time, then it was because of the limited space.

Over the last few years, I've assembled a bunch of books that I call "perennials." Books that sell again and again and again. 

Now I'm just two days away from getting restocks of those books from Ingram Distributors, but of course I don't order every day, so it's more like a week for some books. I get a better discount from Penguin Random House, but the books take longer to arrive--up to two weeks. So if I sell a perennial bestseller, I often don't have it in stock for anywhere from one week to three weeks. 

But my reasoning has always been that every "extra" copy of a book in stock is a different book I didn't order. I've always wanted to have as wide a selection as possible. I'm also less of a "go-to" store for new bestsellers and more of an "impulse" buy store. So the more good backlist titles I can carry, the better.

I've noticed that other bookstores will often order many multiples of some books. Ironically, it's probably for much the same reason as I order just one copy--they have limited space. These bookstore will stack books on tables, which means that five or six copies take up no more space than one copy. Since they can return unsold copies it isn't a huge risk.

I don't have tables, nor do I return books. The vast majority of my books are spine out on bookshelves. Not the best way to display books, but again--it gives me the ability to carry vastly more titles. Basically, every book that is face-out is taking the same space that I can stock 5 or 6 books spine out.

I made an adjustment over the last few years of trying to have two copies of some perennials, but it's not consistent.

Anyway, when I put in my new book displays in the windows, suddenly I had room to show off 40 or 50 of my best books. I decided to make sure I had a couple copies of each of these perennials, one in the window and one out for sale, with the idea that I would grab the copy from the window to replace any that I sold.

Unexpectedly, these perennials suddenly started selling faster. I'm still having to wait a week to three weeks for replacements, which is what happens if you sell one copy of a perennial and then instantly sell the other copy. 

I probably wouldn't have known this if the window display hadn't caused me to order so many extra copies. 

Lesson learned: I will be ordering two or three or even four copies of these perennials and keep the Just In Time reordering for replacements. 

Even though my store is packed, there is always room for incremental improvements.