Oren Teicher, CEO of the American Booksellers Association, has written an acerbic open letter to Amazon CEO Jeff Bezos about the company’s campaign to encourage shoppers to compare prices in retail stores with those at Amazon. The promotion, which starts tomorrow and lasts 24 hours, gives shoppers 5 percent discounts if they use their smart phones to compare prices and then purchase products through Amazon. Books were not included in the promotion, but since books are still a big part of what Amazon does, indie booksellers apparently saw it as a threat.
“We suppose we should be flattered that an online sales behemoth needs a Main Street retail showroom,” writes Mr. Teicher. “Forgive us if we’re not.”
Spectators of the thrilling battle of brands vying for domination in the e-book market will be interested to learn that Apple has made good on its promise to charge retailers 30 percent for any books purchased through iTunes. Competitors of the iBook store — Amazon, Barnes & Noble, Kobo and Google Books — all Read More
Borders is liquidating. The everything-must-go sales start on Friday. Read about it before it’s too late:
Borders Succumb to Digital Era in Books [WSJ]
Why Borders Failed and Barnes & Noble Survived [NPR]
What You Need to Know About Borders Closing [Chicago Sun-Times]
Books Without Borders [New Yorker]
If Borders Can’t Read More
Borders, the second-largest bookstore chain in America, only has 400 stores still open, but the deadline for bids in an auction to keep it from liquidation passed yesterday evening with no takers. The end is near.
Excluding the airports, New York City only has two stores still open, at Columbus Circle and Penn Station. Read More
Cathie Black’s book Basic Black, released in 2007, has sold relatively well – it was a national bestseller, actually. Sales were boosted by support from Oprah, who featured the then-chairwoman of Hearst Magazines on her daytime show and in O: The Oprah Magazine (a Hearst publication). Now, after Mayor Michael Bloomberg’s announcement last week that Read More