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Bad days for publishers
Feb. 16th, 2011 08:11 pmWith the recent bankruptcy of Fenn in Canada, and the filing for bankruptcy by Borders, one thing is certain in the near future.
Returns. Lots of returns.
We can at least hope that mass-market paperbacks will not be pulped by the thousand.
But the stress on publishers who have to deal with the financial impact of that many returns at once - compounded by the cutting off of revenue, including (possibly, depending on the terms being offered to Borders recently, if those weren't cash up front) stock impounded with no immediate payment - well, it's going to be hard on the publishers.
We were here in Canada.before, when Chapters was in its last decline before being eaten by Indigo, but this is likely to be worse. Much worse.
Returns. Lots of returns.
We can at least hope that mass-market paperbacks will not be pulped by the thousand.
But the stress on publishers who have to deal with the financial impact of that many returns at once - compounded by the cutting off of revenue, including (possibly, depending on the terms being offered to Borders recently, if those weren't cash up front) stock impounded with no immediate payment - well, it's going to be hard on the publishers.
We were here in Canada.before, when Chapters was in its last decline before being eaten by Indigo, but this is likely to be worse. Much worse.
