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Amazon has sent an open letter to “interested parties,” explaining “what we’re changing with print on demand and why we are doing so.” Amazon has caused a major stir in the pod field with its decision to have publishers who want to sell pod titles directly through its Web site use its BookSurge pod subsidiary. And late Monday afternoon, Ingram, parent company of BookSurge rival Lightning Source, issued a statement from John Ingram noting the concerns it has fielded from publishers about Amazon’s actions.
Complete article at Publisher's Weekly.
American Booksellers Foundation for Free Expression is challenging a new Indiana law which requires dealers of sexually explicit materials to register and file a statement with the secretary of state. Full story at the Bookfinder Blog.
Revenge of the independent book stores: something odd is happening in Toronto: New little bookstores are popping up like crocuses in the spring earth. Type, the eclectic bookshop that two Toronto scholars opened two years ago on Queen Street West across from Trinity-Bellwoods Park, last November opened a second store in a nook in Forest Hill Village. And two weeks ago, Book City, the 32-year-old chain of small bookstores, gave Type some competition of its own, opening a location on Queen West. Type and Book City share the same streetcar stop, Niagara Street.
What gives? It appears that, Internet age be damned, a growing number of people like to read actual books, and seek them out in little shops with literate staff.
A Short Fool.com Column takes a look at Borders and Barnes & Noble. Peddling books is a tough business, relying on a relatively small number of best-sellers to grow sales (and competitive forces have forced a lot of margin-killing discounts).
Barnes & Noble hasn't had quite as difficult a time as Borders, although its fourth-quarter net income dipped 9.2% as the competitive climate led to lower margins. However, in contrast to Borders' tidings, Barnes & Noble was able to increase its dividend and said that it will be profitable in the first quarter, even though it's by no means indicating an easy year ahead. It's guiding for annual earnings about flat compared to 2007.
WSJ had an article titled "Borders' about-face aims for book sales". I am linking to the article in a Detroit paper because it was reprinted there and you can see the full-text. The article is not available at WSJ without a subscription. At the WSJ opinion page some book sellers have written to comment on the article. The original story is here and the commentary by the other book sellers is here.
Pretty shocking news: Borders is putting itself up for sale or may sell divisions. It has suspended its dividend. It is borrowing some $42.5 million from the hedge fund that is its largest shareholder. That fund may buy parts of the company and is being granted warrants for Borders stock that represent about 20% of the company.
Borders has hired J.P. Morgan Securities and Merrill Lynch to explore the sale of the company or of its divisions "for the purpose of maximizing shareholder value."
Joe Wikert's Publishing 2020 Blog Notes Borders is announcing plans to feature more titles face-out on the shelves, resulting in fewer titles in each store.
Perhaps it's time to look at all the available real estate in the store and come up with some innovative ways to maintain broad selection while still moving to this face-out model. After all, it's better for a customer to discover a book is in the store (but not on the shelf) via a kiosk or clerk than to walk away without making a purchase, right?
Two questions come to mind?
So if book stores start carrying fewer titles do we have an advantage at libraries?
Could/Should libraries go face-out?
As the folks over at the Wyoming Arts blog recently noted, a few weeks ago Publisher’s Weekly featured Torrie Rice’s Wheatland Mercantile Book Nook in Claire Kirch’s article, ”Wild West Bookseller.” Kirch writes:
“According to Rice—a self-professed ‘bookaholic’—Wheatland, a primarily agricultural community adjacent to a desolate stretch of I-25, halfway between Cheyenne and Casper, had always lacked a bookstore. The local library ‘didn’t have much,’ either, for the town’s 3,500 residents.”
So in 2003, Rice started a bookstore, but that’s not all she sells:
“This being Wyoming, where a Wild West mentality still thrives, Rice sells the 4,000 titles in her inventory alongside products made and sold by her husband, Jef Rice: custom-built handguns and rifles.
Who (and/or whom) do you want to dictate your taste in books...
4) a librarian
5) thank you I'll make up my own damn mind?
The New York Times talks about the book buyers for those three retailers, and the fact that all are headquartered in America's most literate city, Seattle.
Librarian and book guru Nancy Pearl is also highlighted as an arbiter of literary taste, and her start in Seattle is documented in this article.