So, according to Neil Van Uum, president of the Joseph-Beth Booksellers chain, which recently filed for bankruptcy, most indie bookstores aren’t long for this world:
Van Uum said the bankruptcy’s roots came in the summer when the company began “to run a little bit sideways” on some of the terms of its loans.
“I recognized we needed to do something,” he said.
While the company’s bankruptcy protection doesn’t specify its exact debt, its top 30 creditors are owed more than $5.8 million. The majority of that — $3.55 million — is owed to book company Ingram. [. . .]
Van Uum said the bankruptcy traces to a number of factors, including the tattered economy and increasing Internet sales. The chain has seen declining sales for the last five years.
“I think in the next three to five years, you’ll see half the bookstores in this country close,” he said.
Barnes & Noble, the country’s largest bookseller, put itself up for sale in August and has struggled for years with declining sales. It’s pinned hopes on initiatives including its Nook electronic reader.
“There’s a lot of fixed overhead in the book business, especially with stores as complex as ours,” Van Uum said.
He’s probably right, and that definitely sucks . . . Not for the sale and distribution of books necessarily, but for the culture of reading and book appreciation that underpins all great indie bookstores, which tend to be staffed by people who actually read too much and like to talk about books and the wonders of literature. Announcements like these make the America of Super Sad True Love Story, in which books are considered to be “smelly, outdated products,” seem like a distinct possibility.
But the real cause of J-B’s downfall? Not enough Open Letter titles.
We know so very little; so little that what we think to be knowledge is hardly worth reckoning with at all; instead we ought to settle for being pleasantly surprised if, on the edge of things, against all expectations, our. . .
Many of Virginie Despentes’s books revolve around the same central idea: “To be born a woman [is] the worst fate in practically every society.” But this message is nearly always packaged in easy-to-read books that fill you with the pleasure. . .
Ilja Leonard Pfeijffer’s La Superba is appropriately titled after the Italian city of Genoa, where, after escaping the pressures of fame in his own country, the semi-autobiographical narrator finds himself cataloguing the experiences of its mesmerizing inhabitants with the intention. . .
It took reading 44 pages of Intervenir/Intervene before I began to get a sense of what Dolores Dorantes and Rodrigo Flores Sánchez were up to. Recurring throughout these 44 pages—throughout the entire book—are shovels, shovel smacks to the face, lobelias—aha!. . .
As presaged by its title, contradiction is the theme of Peter Stamm’s novel, All Days Are Night. Gillian, a well-known television personality, remains unknowable to herself. And Hubert, a frustrated artist and Gillian’s lover, creates art through the process of. . .
It’s a rare and wonderful book that begins and ends with violence and humor. At the start of Etgar Keret’s The Seven Good Years, Keret is in a hospital waiting for the birth of his first child while nurses, in. . .
Last year, Han Kang’s The Vegetarian was an unexpected critical hit. Now, it’s just been published in the U.S. and has already received a great deal of positive critical attention. The Vegetarian was a bold book to attempt as an. . .
It’s been almost a year since the publication of Nowhere to Be Found by Bae Suah, but despite being included on the 2015 PEN Translation award longlist, and some pretty vocal support from key indie presses, the book has. . .
Jorge Eduardo Benavides’ novel La paz de los vencidos (The Peace of the Defeated) takes the form of a diary written by a nameless Peruvian thirty-something intellectual slumming it in Santa Cruz de Tenerife in Spain’s Canary Islands. Recently relocated. . .
Anyone with any interest at all in contemporary Moroccan writing must start with Souffles. A cultural and political journal, Souffles (the French word for “breaths”) was founded in 1966 by Abdellatif Laâbi and Mostafa Nissabouri. Run by a group of. . .