Publishers Make a Plan: A ‘One Stop’ Book Site

Publishers have spent a lot of time and money building their own company Web sites with fresh information on their books and authors. The trouble is, very few book buyers visit them.

In search of an alternative, three major publishers said on Friday that they would create a new venture, called Bookish.com, which is expected to make its debut late this summer. The site intends to provide information for all things literary: suggestions on what books to buy, reviews of books, excerpts from books and news about authors. Visitors will also be able to buy books directly from the site or from other retailers and write recommendations and reviews for other readers.

The New York Times reports on this new site, which will initially be funded by major publishers Simon & Schuster, PenguinGroup USA, and Hachette Book Group.

Bookish.com is scheduled to debut late this summer.

Borders Files for Chapter 11, Announces Store Closings

Borders Group, Inc. Website

The book world has been speculating on this for a long time, and now it’s official. Borders will file for Chapter 11 bankruptcy and, as part of its reorganization strategy, will close about 200 stores nationwide. You can download the store list from the sidebar on the left of this page.

I was dismayed to see that my local Borders store, where I’ve attended book discussions and made many friends over the last 12 or 13 years, is on the list. Another store not too far from my house will remain open. I’ve often gone to this other store to study, and it’s a fine place. But it won’t hold the same memories for me that “my” Borders has.

Books | Who buys books? 40-year-old women

Books | Who buys books? 40-year-old women and others | Seattle Times Newspaper:

Bowker, a global firm that tracks people’s book-buying habits, reports some interesting statistics about book-buying in the U.S.

And, in what is no surprise at all, women make 64% of all book purchases.

Another Weak Quarter from Borders; Expands Non-book Offerings

 

Another Weak Quarter from Borders; Expands Non-book Offerings:

Watch for changes as Borders scrambles to reposition itself in the consumer world:

Capital expenditures in the quarter increased to $7.7 million from $1.2 million as the company invested in digital programs and Borders said its ‘Area-e’ digital section will be opened in all stores by the end of October. The section will sell an array of (low price) dedicated e-readers. Earlier this week, Borders lowered the price of the Kobo e-reader to $129.99 and on the Libre Pro to $99.99.

To improve the customer experience at its physical stores, Borders said it is adding more non-book product in an effort it said to differentiate itself in the market. ‘We are taking steps to transform our retail model, in part through high-impact strategic partnerships, like Build-A-Bear Workshop, that enable us to offer a compelling mix of lifestyle focused products,’ said CEO Mike Edwards in a statement. ‘By offering a rich and relevant selection of product – both book and non-book – together with an exceptional customer experience, we will differentiate Borders from others in the marketplace.’

In addition to the Build-A-Bear Workshop, Borders is adding more educational children toys and games, adult games and puzzles, stationery and will expand its bargain book and value book segments. According to Edwards, its research shows that its customer base is largely female and that fact will drive all of its strategic efforts moving forward.