Big publishers are likely to feel a squeeze on their supermarket sales as a result of the sector experiencing a “once in a generation change”. Two of Britain’s biggest supermarkets, Tesco and Sainsbury’s, are also big retailers of books. Both retailers reported slumps in profits in their recent financial results: Tesco reported half-year pretax profit was down 92% to £112m, after more than £500m was spent on one-off costs; and Sainsbury’s reported a pretax loss of £290m. Continue reading at 'The Bookseller'
[ The Bookseller | 2014-11-25 00:00:00 UTC ]
Written By: Philip Jones Publication Date: Thu, 03/03/2011 - 08:45 Half of all book buyers expect to pay less for ebooks, according to new research by Mintel, but those book readers who already own ebook devices have marginally more realistic expectations over price, suggesting that the... Continue reading at The Bookseller
[ The Bookseller | 2011-03-02 00:00:00 UTC ]
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