Borders CEO Ron Marshall has decided to move on to better things after only a year. The troubled bookseller is currently in the process of closing 182 of its Waldenbooks stores (more than half of them), and is generally being frowned upon due to its lack of initiative in getting into the e-reader market. (Amazon has the Kindle, B&N has the Nook, and Borders has um…hmmm…) Now they’ll have to find a new CEO to turn things around. [More]
If you’ve ever worked in a bookstore, you’re probably intimate with the practice of pulping mass market paperbacks. Publishers reimburse booksellers for inventory they don’t sell, but paperbacks are so cheap to produce that it would cost more to return them than to throw them away. Instead, stores tear off the covers, mail those back as proof of unsold inventory, and throw the books in the trash. [More]
The publisher of a series of home improvement books has announced a recall of nine of them, because of errors in their instructions on installing or repairing electrical wiring. The Consumer Products Safety Commission says no injuries have been reported so far even though the books have been published since 1975, which I think proves that nobody has ever actually attempted a project from any home improvement book. [More]
There is some sort of epic battle going on inside Zone #5 of dying book seller Borders to move as many units of the novel The Piano Teacher as possible. And goddamnit, people are just not pulling their weight, according to a string of emails from Zone VP Mike’s demoralized underlings posted on LiveJournal: “To the GMs of these 16 stores, thanks for nothing. Had you managed your inventory, processed your freight and/or effectively executed a simple expectation (SELL at least one Make/Key ITEM EVERY DAY), your team (Zone 5) would have won…If you can deliver we will finish one, one-hundreth of a percent ahead of Zone 3 for PTD sales of Piano Teacher. If not, we lose…again.” [More]
Shortcovers, an ebook retailer that I recommended to a Sony Reader owner last month, has morphed into something called kobobooks.com, and it’s now partially owned by Borders. If you own an ereader other than a Kindle, or if you read ebooks primarily on a smartphone, you might want to add it to your list of sources for ebooks. [More]
Cory Doctorow is self-publishing a book and documenting the process for Publishers Weekly. His latest column is about selling audiobook versions of his past works, and how both Apple and Audible have refused to budge on their anti-consumer policies when it comes to digital rights management (DRM) and end user license agreements (EULAs). Even though both companies get paid the same either way, and even though both Doctorow and his publisher, Random House, want to sell the content without these restrictions, Apple and Audible have said no. [More]
Books on managing your money better are an especially apt holiday gift this year. If you need some ideas, Vanguard recommends these 16 books. Mastering your personal finances, the gift that keeps on giving. [More]
Borders announced that 200 of their stores will be, in the words of their CEO, “right-sized” by January. The shredding focuses on Waldenbooks, Borders Express and Borders Outlet stores, mainly those in malls and airports. We kinda saw this coming.
Independent book stores can’t even buy new releases for the low prices that Target, Walmart, and Amazon are offering them to the public — which has led to rationing in order to keep the independents from buying and reselling the books at a profit.
I wrote a (hopefully) humorous money-saving book called Secrets of a Stingy Scoundrel: 100 Dirty Little Money-Grubbing Secrets. The New York Post called it “required reading” Sunday, although not everyone’s a fan.
Walmart just tried to undercut Amazon on, of all things, books. They’ve announced that they’re now selling the “top 10 pre-selling books” for $9 each, with free home delivery. Amazon has responded by dropping its price to $9 on the same titles, but their free shipping doesn’t kick in until you buy $25 worth of merchandise (or pay the annual fee for Amazon Prime). Price war!
Through a combination of extreme cheapness, hard work, and determination, Alan Corey became a millionaire at an age when most of us are still trying to figure out how to start paying back our student loans. How did he do it? He shared some of his saving secrets with Mainstreet.com, and they’re useful whether you aspire to wealth or just need more money to pay down debts.
Great news if you enjoy books, but have the puny attention span of a person raised on television and the Interne—oh, look at the kitten!
Here’s a new book that focuses on those random questions people always have about how the law pertains to everyday activities. You know, things like starting your own online porn site, burying a pet, or selling your ex-boyfriend’s things on eBay.