Fall's bounty of books
Publishers are pushing out a crowd of star authors this season in a race to prop up sales.
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"They have to do something to help improve their bottom line," says Gottlieb, since the holiday season is the biggest of all. This fall "will decide whether they have profits, were flat, or lost money."Skip to next paragraph
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Booksellers – and authors – hope the blockbusters will bring in customers to buy other books by less-famous writers. And bookstores certainly won't mind if readers buy nonfiction books, which seem likely to be also-rans this fall.
But it's difficult to predict what readers will do. Might they pick up the Dan Brown book at the local Costco and wander off in search of a giant tub of mayo instead of another literary stocking stuffer? Or will they decide to stay home and download Richard Russo's "That Old Cape Magic" to read on their Kindle for only $9.99?
That latter possibility is intriguing the publishing industry, which has seen a major increase of interest in e-books – those that can be read on the Kindle, other devices, iPhones, and even ordinary computers.
In the big picture, e-book sales are tiny, perhaps 1 to 3 percent of the total, although the numbers are higher in some genres, says consultant Mike Shatzkin, who advises publishers about digital media.
But e-books have the potential for plenty of growth, and some of their features – such as the Kindle's ability to download free sample chapters – could change the way readers buy books. Instead of skimming a page or two while standing in a Barnes & Noble, they could read a significant chunk of text before deciding whether to buy it.
The bounty of books this fall could be the turning point that persuades readers to jump into e-books, Mr. Shatzkin says. "I think you could expect to see a surge," he says. The fall "is a major opportunity to put a dipstick down to see what the extent of the change is" toward e-books.
If customers stay home or order online, the old-fashioned kind of bookstores that you visit in person – the independents, Barnes & Noble, Borders – could be in for more tough sledding this fall.
Companies like Borders, which has severe financial problems, could topple, agent Gottlieb says. "Barnes & Noble is in much better financial shape and could withstand difficult economic times better than Borders by comparison."
The good news for customers is that Borders continues to woo readers with surprisingly heavy discounts for those willing to use coupons they receive by e-mail.
Independent bookstores face challenges of their own. Many have closed as the recession has dragged on, and the wide availability of the Dan Brown book could mean fewer customers will need to seek it out at the local bookshop.
"We've adapted to what the economy is," says Kashkashian of the Boulder bookstore, who adds that his shop can survive another poor holiday season. For the second year in a row, however, he doesn't plan to hire extra help. Elsewhere, he says, some independent bookstores "are close to the edge and don't have any cash reserves, and it could be tough."
Amid worry, there's also plenty of optimism about the fall. As literary agent Sandra Dijkstra, who represents novelist See, puts it: "My feeling about it is that it's good for us all."
And readers, with the least at stake, may be the biggest beneficiaries.