Bloomsbury chief executive Nigel Newton has said the beginnining of the pandemic had a severely negative impact on Bloomsbury's sales, but that overall the company had "transformed surprisingly well".
Speaking to former Rowman & Littlefield International c.e.o Oliver Gadsby at the virtual IPG spring conference today (2nd June), Newton said the company had lost "100% of [its] retail customers, practically overnight". Newton said: "We basically had no customers over night, but the channels that are open have over-performed, Tesco has sold a lot of books because supermarkets are not only open, they are having the time of their lives, but they only sell a certain type of book."