Shaman Drum Bookshop to Close June 30
Karl Pohrt, who opened Shaman Drum Bookshop nearly 30 years ago, has decided to close the business on June 30. He plans to continue efforts to obtain nonprofit status for a separate venture, the Great Lakes Literary Arts Center.
The decision comes after many months of financial struggles at the bookstore, which Pohrt outlined in a column published by The Chronicle in February. In that column, he reported that textbook sales in 2008 had declined $510,000 from the previous year. He cut payroll and other operating expenses, but couldn’t cover the shop’s losses. Though trade sales (books of general interest) were up, that didn’t compensate for the loss of textbook sales. “The evaporation of our position has been astonishingly swift,” he wrote. “We had been holding relatively even financially until September. Suddenly we’ve moved into the red.” [Full Story]




