Business

Joseph-Beth reiterates commitment to customers, community

After emerging from Chapter 11 bankruptcy and coming under new ownership last week, Joseph-Beth Booksellers on Tuesday reiterated its commitment to its customers and to authors.

"Today marks a new beginning for our company," said Mark Wilson, the new president and CEO of Joseph-Beth. Until last week, he had served as chief operating officer of the Cincinnati-based company.

Wilson said that the store would continue to support local, regional and national authors through events and would support community charities through school book fairs and the company's Gives Back member program.

The store said it would thank the support of its customers through the six-month bankruptcy process by hosting Customer Appreciation Day on May 22.

Despite struggles of the retail and publishing industries, Wilson said, "We are stronger and more competitive than ever with a lean cost structure that will allow us to adjust our business model as needed, and take advantage of new opportunities that will move the company in the right direction."

Under new owners Booksellers Enterprises LLC, the nearly 25-year-old Joseph-Beth chain includes stores in Lexington, Cincinnati and Cleveland.

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