Friday, January 12, 2007

A week ago I (perhaps unwisely) gave space to the cri de coeur of an independent bookseller. This was followed by several days of interesting and sometimes coruscating debate. I tried to steer things away from re-runs of the Net Book Agreement argument on the grounds that we no longer have retail price maintenance, it won't reappear, and there's little point crying over spilt milk.

However, some things never seem to go away altogether and the retail price maintenance debate is still a live issue in Germany. I wonder (again perhaps unwisely) if any of the commentators to this blog can offer advice to German publishers and retailers. For instance has the experience in the UK shown:

British consumers benefit from lower prices?

Supermarkets have significantly widened the market for books?

If the NBA had continued would supermarkets have even been interested in books?

Quality bookshop chains have thrived?

Independent booksellers have been able to carve out a price-insensitive niche?

Publishers have behaved responsibly in post-NBA dealings with retailers?

I think I can predict the responses but I'd love to be proved wrong. From a commentator in the USA a very interesting Q&A session with a mystery entrepreneur.

A very sad blog relating to the AMS bankruptcy in the USA which is likely to send small publishers into financial danger or disaster.

More statistics for the Macmillan year-end round-up - Numbers 1 and 2 in the back-to-university bestseller lists: Study Skills Handbook and Student Planner.

For those interested in cricket here is an extract from an email I received from a distinguished cricket journalist (you have to understand the game to get the joke/irony):

Sorry I haven't replied earlier but I have only just got back from Australia and what was probably a v close and competitive Test series compared with the ODIs to come!

And finally a show-off piece about a paper on stem cells which appeared in Nature Biotechnology. So far the paper has appeared in more than 1000 newspaper articles around the world according to Google News and any number of TV and radio mentions. Science may be difficult to understand but there is a huge demand for information about it and the reliability of that information is vital. We think our team offers just that reliability to scientists and the general public alike - and our press team knows how to make a scientific paper famous. That's a pretty good description of what all publishing is about - good content and good publicity.

 

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1/12/2007 8:43:46 AM (GMT Standard Time, UTC+00:00)
>Quality bookshop chains have thrived?<

In the UK, Daunt Books give the impression that they are doing OK.

Yesterday I received an email from a US indie - prompted by HMV's Interim Results : did I think that terrestial bookchains, without considerable rationalisation, would ever again be able to return the sort of profitability which is required by stock exchange investors ? Who, at this time, would want to hold investment shares in B&N, Borders or Waterstone. First Waterstone closure was announced yesterday, in Glasgow, luckily the landlords appear to have a tenant waiting to fill the void.

The supermarkets would have been only too glad to stock books even if NBA still prevailed : with a level playing field, and 35% discount - plus promo inducements - they would have been very happy bunnies.

Cover prices of some books have been price-inflated to compensate for the differential discounting.

Peter Kay at say £12.50 with (legitimate)promotional marketing payments to Tesco, as well as standard 35% discount, would have seemed to them like manna from heaven.

As a dealer also in bin ends (remainders), as well as new and secondhand books, I would suggest that secondary resellers will not be interested long-term in more titles from 2007 than any year from the early 1990's. Publishers have printed more books, but the quantity which have real long term value is no greater now than fifteen years ago.

2007 is a "throw-away" society, most UK people would have more disposable income now than in the mid 1990's.

That quite enough to start the ball rolling.
1/13/2007 12:19:02 AM (GMT Standard Time, UTC+00:00)
'2007 is a "throw-away" society, most UK people would have more disposable income now than in the mid 1990's'.

We've been a shameful throwaway society for years.

But Clive, did your post come before the announcement that interest rates have gone up again, and the reasons why?

I also have to submit here, that if am to subscribe to your theory, I am far worse off now, than I was in the 90s, truth be stealth taxes knownn and told...

Not that I want to talk politics, but the reality must come out at some time. Labour always leaves an economy with much to be desired, history is the evidence,(a slight understatement); this one is to out itself yet! But the truth will come out. (And I think it's happening slowly, even now...)

Prepare for a recession, Clive. The nurturing roots have taken hold this year, if not before; the bud is yet to see full blossom, but it will come.

When struggling to pay the mortgage, book purchases come after finding the funds for dog/cat food.

All the best to you, Clive, but I really think you should be preparing for a recession. Anything that has gone before can wait for the next bloom. Right now, start cutting your losses and prepare for a big sump.

Even Brown is a product of government spin!

Get to grips now with your business and you stand a chance!

I hope you survive, Clive, I really do. But you need to have an eye on the current market and its history to do so.
1/13/2007 5:05:43 PM (GMT Standard Time, UTC+00:00)
Richard,

One of the differences between NBA & Buchpreisbindung is that since a couple a years, the German fixed price scheme has become a law, supported by a very large majority of the German political class.

Another difference is that publishers and booksellers are represented through a common structure, speaking with one voice: the Börsenverein.




1/15/2007 1:50:40 PM (GMT Standard Time, UTC+00:00)
Thank you for linking up to my blog, Richard! I really appreciate it.

Traffic has been pouring in from EVERYWHERE via Charkin Blog! WOW! (Google Analytics reveals ALL!)

My mystery entrepreneur, particularly with his last paragraph, has caused quite a commotion!

Lynne AKA The Wicked Witch of Publishing
1/16/2007 4:37:24 PM (GMT Standard Time, UTC+00:00)
Lynne, Always happy to support debate, particularly where the mystery guest is so robust. For those who haven't read the last Q&A here it is - I love it.

MC: My guess is that somewhere in that solution will be the elimination of “publishers” as we traditionally know them. The only other industry consisting of massively over-compensated mediocre performers who have utterly outlasted their utility and raison d’etre and exist only by virtue of an entrenched, self-protective, bullying autocracy that gangs up against threats posed by obviously more efficient methods that would, could, should and will eliminate them—is Wall Street.

WW: Gulp.

2/11/2007 1:47:57 PM (GMT Standard Time, UTC+00:00)
Richard,

Good morning from beautiful East Hampton, NY.

I wanted to let you know that I just posted again about independent bookstores. Auntie's bookstore might just get saved, but how is a big surprise to me. Perhaps I will have Mystery Entrepreneur to thank for that. Dunno, yet.

"Wicked Witch of Publishing Finds Surprising Suggestion from Public & Pundits RE: How to Save Independent Bookstores. Short answer: Handsellers Must Take to Streets."

Lynne