At China’s Asian Bookstore Forum in Xi’an, researchers cited a sharp shift, book sales moving quickly away from physical stores and over to online retail.
Bookselling Without Borders has given US booksellers international industry contacts, and now a retailer from Germany will be at the ABA’s Winter Institute.
In another period of double-digit growth for China’s book market, children’s books are the largest category by sales and online retail is still growing.
Elliott will pay some US$476 million for Barnes & Noble, having last year bought the UK’s main chain Waterstones. James Daunt is to run both companies.
In an upbeat report, the German book market is seen as having grown last year for the first time since 2012–by 300,000 buyers–with its financial performance leveling out.
In Russia’s book market, high bookstore inventory levels and rising paper prices are prompting publishers to consider cutting back on book production in 2019.
The share of online sales of books could be as high as 35 percent in the Russian market within five years, according to one executive.
OpenBook data reveals China’s bestselling authors of 2018, growing online book sales, and the strength of backlist titles.
The Bookselling Without Borders program will again send bookstore workers to international book fairs and trade shows. And Novi Sad’s new Tišma Prize is in its inaugural year.
In Russia, a government plan to provide lower-cost retail sites to independent booksellers at state cultural facilities may help smaller bookstores survive.