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Under the new agreement, Bookscan will pay an undisclosed amount to the independent stores' trade group, the American Booksellers Association, for its help signing up stores.
The independent stores' trade association settled a lawsuit against Barnes & Noble and Borders for unfair trade practices just last year, and the bad feelings linger, Mr. Kaplan said.
BookScan has signed an agreement to pay the American Booksellers Association, an independent stores' trade group, for data collected from its members.
The stores trade as Bikehut or Cycle Republic and will either be rebranded as Halfords or closed, at a cost of £1.2m.
The UK division's stores trade as H. Samuel, Ernest Jones and Leslie Davis and are situated in major shopping malls.
The U.S. division stores trade nationally in malls and off-mall locations as Kay Jewelers and regionally under a number of well-established mall-based brands.
Similar(52)
Music and film have been banned, and stores trading in them have been destroyed.
People are flocking to wholesale clubs and discount stores, trading down to cheaper products, buying store-brand items and making fewer shopping trips.
It still expects to meet City forecasts of a pre-tax profit, before 99p Stores trading losses, of £39m in the year to 27 March.
Wal-Mart's Mexican subsidiary, for example, which is the country's largest private employer, trades on the Mexican exchange at about double the price-to-earnings ratio that Wal-Mart Stores trades at on the New York Stock Exchange.
The quest for profitability has been helped by the acquisition of two suppliers which should enable it to break even with 300 stores trading rather than the 400 originally anticipated.
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