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Friday, April 15, 2011

Book Selling - Huge Increase in eBooks

 I am surprised at the huge growth in e-Books. 

Now about the same level as soft cover books.  And other segments are down (paper backs down 22%, adult hard cover down 43%).  And hard covers traditionally is where authors make their money.

And in related news showing how the old retail model is broken.

Borders pre-bankruptcy returned 31% of its merchandise for credit annually.

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