Wal-Mart declared a price war Thursday with its plan to sell "10 hotly anticipated new books for just $10 apiece through its online site, Walmart.com," the Wall Street Journal reported. "Hours later, Amazon matched the $10 price, squaring off in a battle for low-price and e-commerce leadership heading into the crucial holiday shopping season. Wal-Mart soon fired back with a promise to drop its prices to $9 by Friday morning--and made good on that vow by early evening Thursday."
"If there is going to be a 'Wal-Mart of the Web,' it is going to be Walmart.com," said Walmart.com CEO Raul Vazquez. "Our goal is to be the biggest and most visited retail Web site." The Journal wrote that "Wal-Mart's $10 promotion applies to the top 10 books coming out in November but the company is also selling 200 best-sellers for 50% of their list price."
"We've been fighting deep discounting for a long time, although $10 is obviously an extreme," said Diana Abbott, manager of the Bookworm, Omaha, Neb. "But there is a strong element of loyalty to independents. . . . We'll survive this."
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The recent tendency of the Nobel jury to bestow its literature award upon authors not particularly well known in the U.S. has made "newspaper columnists grumble while small and university presses bask in a moment of publishing glory," the Millions reported.
For example, Herta Mueller's prize means that the University of Nebraska Press "has now struck Nobel gold two years in a row," since it had two books in print by last year's Nobel laureate J.M.G. Le Clézio when he won. Cara Pesek, publicity manager at Nebraska, said that "since the prize was announced last year, those two titles have accounted for more than $100,000 in incremental sales." Last week, the day after the Nobel was announced, Pesek said the press had 3,000 backorders for Mueller's Nadirs.
"We expect our book prizes to confirm that a book or author's commercial success and positive reviews are well-deserved," the Millions wrote. "Sometimes the Nobel plays this role--a validator of critical opinion--but, for the American audience, it often does something different. And this is where the grumbling comes in. We don't like to be told that an author we've never heard of is one of the greatest ever. But in cases like Mueller and Kertész and Le Clézio, the Nobel serves as a reminder that in certain corners of the publishing industry, there are presses shepherding the work of these writers into print and keeping it available until such time as the rest of us are able to take notice."
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The American Booksellers Association has "joined with its partners in the Campaign for Reader Privacy in urging Congress to expand proposed protections for library records in a Patriot Act reauthorization bill to encompass all books--whether borrowed or purchased," Bookselling This Week reported. "Calling draft revisions to the Patriot Act 'positive but inadequate,' the groups called on Congress to address the root causes of public concerns about Patriot Act powers that enable the government easy access to information about what people are reading."
"We are very encouraged that the Senate Judiciary Committee has recognized the importance of protecting reader privacy, but they have missed a critical step," said Chris Finan, president of the American Booksellers Foundation for Free Expression. "We are going to keep fighting until both bookstore and library records are protected."
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Google Editions, a new platform to be launched by Google next year, "will let readers buy books and read them anywhere on gadgets ranging from cell phones to possibly e-book devices," the Associated Press reported.
"It will be a browser-based access," said Tom Turvey, head of Google Book Search's publisher partnership program. "The way the e-book market will evolve is by accessing the book from anywhere, from an access point of view and also from a geographical point of view. . . . Google Editions allows retail partners to sell their books, especially those who haven't invested in a digital platform. We expect the majority (of customers) will go to retail partners not to Google. We are a wholesaler, a book distributor."
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Responding to growing interest in e-books and e-readers, public libraries across the U.S. are "expanding collections of books that reside on servers rather than shelves," the New York Times reported, noting that "about 5,400 public libraries now offer e-books, as well as digitally downloadable audio books."
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Jack McKeown--former CEO of Perseus Books Group and now director of business development for Verso Digital and president of Conemarra Partners--examined "Why E-Reader Adoption Will Be Slower Than People Think" on paidContent.org.
"No one doubts that we have entered a critical phase in the publishing industry’s embrace of its most promising new technological innovation since audiobooks," he wrote. "But if anyone out there assumes that the outcome is a slam dunk, guess again."
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Did you know that Maria's Bookshop, Durango, Colo., "bought over $5,000 worth of parking tokens last year" or that the staff "goes through about 6 lbs. of chocolate a week?"
As part its 25th anniversary celebration, Maria's bookstore blog offered a list of "25 Things You May Not Have Known About Maria's Bookshop," including the fact that the "staff sports a total of 50 years of bookselling experience."
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Bookselling This Week recommended that sidelines buyers looking for great holiday gift ideas check out SIBA executive director Wanda Jewell's "Gifts Galore for Bookstores" on her Wanda's Wonderful Book Blog. BTW also highlighted treasures recommended by Christine Onorati of WORD bookstore, Brooklyn, N.Y., and Aeri Swendson of Green Apple Books, San Francisco, Calif.
As Green Apple's blog put it, "We're a bookstore. A real bookstore: cramped aisles, creaky stairs, oddball sections. We use just about every available square inch to offer the widest and most carefully chosen selection of books. . . . But we like some other stuff, too. Like movies and music, canvas bags, and magazines."
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Book Trailer of the Day (featuring Jon Stewart): I am a Genius of Unspeakable Evil and I Want to be Your Class President by Josh Lieb (Razorbill)