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06-11-2007, 11:31 PM
| | |  Independent bookstores to suffer losses due to DH discount mania
Heavy discounts on the final installment of the Harry Potter series, Harry Potter and the Deathly Hallows, is not going to do any favors to independent bookstores. Online book retailer Amazon.com has slashed nearly 50% off the book's original selling price of $34.99 and huge bookstore chains like Barnes & Noble Inc. and Borders Group Inc. have slashed 40%. These competitive prices from huge retailers have forced many independent bookstores to follow suit and slash their prices too. In doing so these independent bookstores stand to make little or no profit at all. Tim Allen an analyst with Jefferies & Co had this to say: Quote:
It's so discounted, there's minimal, if any, gain. Retailers try to make up the shortfall by marketing loyalty cards, which they hope will entice shoppers back into their store
Caroline Horn, children's editor at Bookseller, a British trade magazine said that Quote:
The bookselling trade has lost millions by having to discount Harry Potter as heavily as they do
In fact alot of independent booksellers have decided not to stock Deathly Hallows at all. This despite DH having broken many records for orders.
In related news, Scholastic Corp, the U.S. publisher of the Harry Potter series is planning to release a record-breaking 12 million copies of Deathly Hallows!!
Source: CNNMoney.com  | |
06-12-2007, 11:35 AM
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#26 (permalink)
| | Doxy
Join Date: Feb 2007 Location: diagon ally
Posts: 431
Hogwarts RPG Name:
Ariana
Sixth |
Hey that how buisness work's the big guys will always win over the little guys in buisness greatr for us as we get a cheaper dh but bad for the little stores and the ppl who dont live near big stores,
__________________  HP & GW 4 EVR | 
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06-12-2007, 12:02 PM
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#27 (permalink)
|  Keeper of Dan’s GrinLuvs SiriusK.O. Harry's love for DDCrup
Join Date: Dec 2005
Posts: 2,239
Hogwarts RPG Name:
Annushka Sarah Emerzynski
First Year |
oh!that must suck for them!
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06-12-2007, 01:10 PM
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#28 (permalink)
| | Fwooper
Join Date: Sep 2005 Location: in my little box
Posts: 9,962
Hogwarts RPG Name:
Molly Woodrow
Graduated
Ministry RPG Name:
Jordan Woodrow
Magical Games & Sports |
I can understand that the smaller book stores would be kind of upset at the larger ones, but isn't that how most of the chain stores work? It's not the stores causing the independent bookstores to have problems; it's us for buying the books from the chains.
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06-12-2007, 01:22 PM
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#29 (permalink)
| | Giant Squid
Join Date: Feb 2006 Location: In a pineapple. <3
Posts: 18,277
Hogwarts RPG Name:
Emerson Gray.
Fourth Year | G1GGL3R! *giggles* My GarBear
Aww, that must suck for them. I supppose it's better for the readers then now? | |
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06-12-2007, 03:49 PM
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#30 (permalink)
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DP Journalist Runespoor
Join Date: Aug 2006 Location: In Your Dreams
Posts: 31,087
Hogwarts RPG Name:
Antonia Dumont
Fifth Year | SS Featured Writer Lovely Lady
Oh, well! I DO think the book needs to be available to everyone, and if the smaller bookstores can't afford to stock the book at the discounted price, then perhaps they shouldn't be carrying it and leave it to the big retailers to market, in this case. They are probably better off, because no one is going to pay their prices for the book when it's so easy to get from the big chains like Barnes and Noble and Wal-Mart.
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06-12-2007, 05:19 PM
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#31 (permalink)
| | Faerie
Join Date: May 2005 Location: SS! day and night!
Posts: 3,799
| ♥ Doctor Sarah ♥ Rupert's Teddy Bear
Where I'm getting my book from they're giving only a 15% off.
But thats the best discount we have where I live.
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06-12-2007, 05:30 PM
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#32 (permalink)
| | Phoenix
Join Date: Mar 2005 Location: In the TARDIS
Posts: 15,350
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That's really harsh for the independent stores!! | |
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06-12-2007, 08:30 PM
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#33 (permalink)
| | Occamy
Join Date: Sep 2004
Posts: 28,872
Hogwarts RPG Name:
Professor McFarlane
Graduated | IndyEddie
Here, it's 20% off the book initially (but they do that for all new releases, not just HP - and it's all stores), and Barnes & Nobel is giving an extra 10% off if you're a loyalty card holder. I'm not, and with the service I was given the last time I was in there, I don't want to be., so I won't be getting 30% off, and will still be paying about $20 - $25ish at the counter. *shrugs*
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06-12-2007, 09:59 PM
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#34 (permalink)
| | Bicorn
Join Date: Feb 2007 Location: DRFC,EWFC,RGFC,TFFC, SBFC, DAFC
Posts: 1,767
Hogwarts RPG Name:
Jill Garza
Third |
Ooh, that's pretty bad.
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06-12-2007, 11:32 PM
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#35 (permalink)
| | Hippogriff
Join Date: Sep 2004 Location: TeXaS!!! UsA!!!
Posts: 3,462
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That's horrible...
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06-13-2007, 02:20 AM
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#36 (permalink)
| | Faerie
Join Date: Sep 2004 Location: In a Sanrio store spending big bucks!
Posts: 3,874
Hogwarts RPG Name:
Cocoa
Third |
How awful!
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06-13-2007, 08:00 PM
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#37 (permalink)
| | Erumpent
Join Date: May 2004
Posts: 13,474
| Ultimate Potterite Original original
Ohhh... Interesting. I do agree that for some places it is wise not to stock the book. | |
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06-14-2007, 01:02 PM
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#38 (permalink)
| | Troll
Join Date: Nov 2006 Location: Hogwarts School of W
Posts: 4,667
Hogwarts RPG Name:
Mindy Song
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That's total bad news...I can't say it's DH's fault...I mean, what harm did it make?
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06-23-2007, 05:30 AM
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#39 (permalink)
|  !!!!Awesome!!!!Faerie
Join Date: May 2004 Location: in Howarts offcourse
Posts: 4,128
Hogwarts RPG Name:
Mari Elizabeth Allen
Fourth Year |
I feel bad for them!!!!!!!!
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