Weltbild CEO Predicts German Bookselling to Shrink by 40%

In German Buch News by Siobhan O'Leary

Halff of Weltbiltby Siobhan O’Leary

In an interview with Buchreport, CEO Carel Halff of German book publisher and retailer Weltbild predicts that Germany will experience a dramatic reduction in bookstore retail space over the next five years. Halff suggests that book retailer square footage could shrink by as much as 40% by 2015, both due to store closings and an increase in space dedicated to non-book products. (Bookselling space increased by 1.2% in 2009 and by 13% in 2008, according to a study released by Buchreport at the end of last year).

About the Author

Siobhan O'Leary

Siobhan O’Leary is a literary agent, translator and writer based in Berlin. She previously worked in the Foreign Rights department of the Crown Publishing Group (Random House) and at the publishing consulting firm Market Partners International.