The c.e.o. of Foyles has called for publishers and suppliers to support bookshops with better terms and consignment stock before it becomes “too late” as in the case of HMV.
In an open letter to The Bookseller, Sam Husain has said the bookselling model is broken and needs “a complete re-think” in the current climate before more retailers are lost.
Husain called for better terms from publishers and suppliers, aiming at an average of 60% discount instead of the average of 40% currently experienced—and “a level playing field” with supermarkets and online retailers, which he said can benefit by discount anything up to 15% higher than that given to booksellers, based on their volume of sales. Bookshops, however, are not compensated from the extra value they add as a showroom and advice centre for published works, he argued.
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