Elliott Management Corp. has acquired Britain's
biggest bookstore chain, Waterstones, the latest deal by the storied activist hedge fund as it builds up its private equity business.
But I'd still expect the nation's
biggest bookstore chain to get serious about audiobooks.
Throughout 2016,
the biggest bookstore chain in the United States struggled.
One month later, Saraiva,
the biggest bookstore chain in the country, launched its e-bookstore.
Elliott Management has acquired Britain's
biggest bookstore chain, Waterstones, the latest deal by the storied activist hedge fund as it builds up its private equity business.
Borders, the second -
biggest bookstore chain in the country, went under, signaling a shift in priority from print books to e-books.
Since February 2014, Tamblyn and Aiki have led Rakuten Kobo through some significant advances: Rakuten's acquisition of OverDrive; the launch of Kobo's digital reading service in Mexico with two of the country's
biggest bookstore chains, Librerias Porrúa and Gandhi; and the acquisition of the customers from Sony's eBook business and from the UK eReading service BlinkBox.
The big bookstore chains are wedded to the idea of big stores with huge, long - term leases.
However, just as the music industry managed to destroy itself fighting the advance of new technology, I'm really concerned that
the big bookstore chains and publishers are going to fight this model.
The other missing pieces are bookstores and libraries, but I doubt much good news will be coming from either sector;
the big bookstore chains are stumbling badly this year, and my local stores have cut back on their graphic novel inventory, while libraries, like all branches of local government, must contend with budget cuts.
Teleread reports on the fact that REDgroup Retail, owner of 3
big bookstore chains (Borders Australia, Angus & Robertson Australia, Whitcoulls New Zealand), has been placed into voluntary administration.
Utilize one of
the big bookstore chains.
Not exact matches
Independent
bookstores, which were already threatened by
big chains, like Borders and Barnes & Noble, knew they would end up having to compete with Amazon's wholesale prices and scale.
It is a logical and efficient way for a small
bookstore to expand its footprint, especially as
big chains have shuttered locations, leaving a vacuum for enterprising independent stores to fill.
It would be a much better story if this
bookstore was one of those
big chain stores, you...
After drawing a lot of attention back when it was first announced by Viz Media, volumes one and two of Pokemon Black & White have hit comic store shelves (they were in most
big chain bookstores a couple weeks back).
It seems safe to say the
biggest factor of these Tokyopop cuts, past Stu Levy's often fickle - seeming management style, is the recent bankruptcy of the American
bookstore chain, Borders.
Libraries,
bookstores, gift shops,
Big Box
chains, Apple... do you really want to wager your book's future and ignore every other retail option?
The
big chain bookstores have -LSB-...]
There's often a
big difference between
chain stores and independent
bookstores.
In the 1990s the «
Big and Nasty»
chains like Barnes and Noble, Borders, and Books - a-Million — with their sweetheart deals with the
Big 6 Publishers — put 1000s of indie
bookstores out of business.
Self published authors have to rely on their own resources, be more creative in finding retail shelf space for their books (as a rule, self published authors have far less access to
chain bookstore shelves than the
big publishers who spend millions on marketing dollars), and have to work very hard to create any sort of buzz about their books.
But this is misinformation or spin by those who would like it to be true, such as the
Big Five, or
bookstore chains who make their money from selling
Big Five books.
There are other reasons for the authors who fall between these extremes; all are stigmatized against by the
big name publishers and
chain bookstores.
Printed books, including retail shelving space, are disappearing at an alarming rate, as are
big chain bookstores.
I think we will always have brick - and - mortar
bookstores in some form or fashion, but it's clear that the heyday of the
big - box
chain bookstore is just about over.
With the rise of online book selling and of ebooks, large, traditional publishing houses and
big chain bookstores have been struggling to survive.
Maybe the great,
big, green
bookstore chain that finally got Starbucks into the correct proximity to the printed word is perfectly willing to turn around and under - sell its own former employee, Kachka, because it's trying to wrest more co-op concessions from publishers.
At the time, I heard about a
bookstore owner complaining that he had to close his doors because of the
Big Chains.
Slightly off topic but I remember when people were complaining about the
Big Chains (B&N & Borders among others) were killing the independent
bookstores.
What I like about these is that they turn any business into a fully stocked
bookstore with an inventory that rivals / exceeds the
big chain bookstores.
In the United States, Barnes & Noble, the world's largest
bookstore chain, took a much
bigger gamble by investing heavily in the creation of its own e - reader / tablet.
2 of the 3, Eisler and Brockway, had already had the
big publisher, had already seen their books on the shelves of everything from Walmart to grocery stores to the
big chain or little indie
bookstores.
The buy decisions for
big chains are made in the central office, not the individual
bookstores.
Apple (aapl) and
bookstore chain Barnes & Noble (bks) are
big e-book players too, though they trail far behind.
That's assuming you can get into
bookstores at all: most indie shops will only take self - published books on consignment, and
big chain stores won't stock them, period.
There were already more established ereaders, offered by more well - known companies, when they entered the market, and they had no
big retailer support, whereas in many of the international markets where they've gained a substantial following they were partnered with a major
bookstore chain and arrived before the Kindle was available.
The screed does make one useful point by noting how, in the past,
chain bookstores and
big distributors were hardly angelic in their dealings with publishers.
So you get that concentration of power in a relatively small number of
big publishers and
bookstore chains.
VB: It used to be that writers were discouraged from doing a «small book» in the middle of a career of
bigger books, because the
chain bookstores — the brick and mortar stores — kept close track of sales, and low sales would hurt the prospects for a writer's future books.
It's also going to focus on the small, single location indie
bookstores since the
big chains can be problematic.
What's dramatic about this
biggest of all US
bookstore chains in what may be near - extremis is, of course, what that death could mean to so many in the industry (not least the jobs lost) and to those who enjoy and depend on physical
bookstores.
It seemed a perfect fit: Moore has a book to promote (he told the crowd at the
bookstore last night that he had no interest in doing signings at
big chain stores), and St. Mark's Bookshop is itself in trouble, and has asked its landlord, Cooper Union, the private engineering, architecture and art college, to reduce its $ 20,000 monthly rent (with backup from a local petition and a community board resolution).
And while some of its peers in the
big - box space, such as Office Depot, can experiment with smaller stores because their customers come in looking for specific products that can be ordered through the
chains» websites, a
bookstore is too much about the experience of exploring new products in person for that to be a successful strategy for Barnes & Noble, notes Montgomery.