| 50% of books meant for consumers are sold | | | | Barnes and Noble is the largest chain with 796 stores. |
| through bookstores. If you're wondering how to get | | | | Annual revenues from those stores are $4.7 billion |
| a book published make sure your publisher's books is | | | | which translates into sales of almost 445 million books |
| stocked in bookstores. The first bookstores in the | | | | per year. A typical Barnes and Noble store offers |
| United States were established at least as far back | | | | 150,000 - 200,000 titles to shoppers. |
| as 1640. At that time, quite a few booksellers were | | | | Oddly enough Barnes and Noble is re-instituting the |
| also book publishers. By 1700 there were 30 | | | | old fashioned idea that booksellers are also publishers. |
| booksellers in Boston alone. However, these stores | | | | Its wholly owned company, Sterling Publishing, has |
| didn't restrict themselves to just books but sold | | | | the publishing or distribution rights to 10,000 titles and |
| other merchandise as well. Richard Hoe's invention of | | | | has actively published 5000. They own a chunk of |
| the rotary press, which spewed out pages at the | | | | IUniverse, a publish-on-demand company. The CEO of |
| rate of 8000 sheets an hour, opened up the mass | | | | Barnes and Noble, Stephen Riggio, is the Chairman of |
| market for books. The divergence between | | | | the Board for IUniverse. |
| bookseller and book publisher began to widen. | | | | Borders Group owns about 1100 stores in the United |
| Book publishing is a $37 billion dollar industry in the | | | | States and has revenues of about $3.8 billion. It |
| United States. It has been estimated that the five | | | | operates Borders Books and Music and Waldenbooks. |
| large publishing companies, Random House Inc., | | | | The chain is the outgrowth of two independent |
| Penguin USA, Simon & Schuster, Time Warner | | | | bookstores. Walden Books was established by |
| and HarperCollins, account for nearly eighty percent | | | | Lawrence Hoyt in 1962. Borders Books was |
| of all book sales in the US. This has occurred for the | | | | established by Tom and Louis Borders in 1971. K-Mart |
| same reasons any other industry goes through | | | | Corporation purchased Walden Books, which in turn |
| consolidation: by combining certain administrative or | | | | purchased Brentano's Books in 1984. In 1991 K-mart |
| staff functions, costs can be reduced and profits | | | | purchased Borders Books and formed |
| increased. Publishing, relative to many other industries, | | | | Borders-Walden Group and renamed it Borders |
| has not enjoyed a high Return on Investment (ROI) | | | | Group, Inc. Borders Group Inc. then went public in |
| for investors. Now publishers are much more focused | | | | 1995. |
| on having every single book they publish be | | | | BooksAMillion was founded in 1917 as a news stand |
| profitable. This means a more risk averse philosophy, | | | | and has grown to 205 stores, primarily in the |
| with a preference for publishing authors with | | | | Southeast. They own a book distribution company, |
| successful track records--a sound business strategy. | | | | American Wholesale Book Company. Revenues were |
| Currently there are about 2000 chain bookstore | | | | just a bit over $.5 billion in 2008. |
| locations. An additional 2200 independent booksellers | | | | Books are sold in a myriad of other locations besides |
| belong to the American Booksellers Association. | | | | bookstores, such as grocery and drugstores, at the |
| There are some 50,000 locations that sell books. | | | | airport, and in the big box stores like the |
| Around 50% of books meant for retail sales are sold | | | | aforementioned K-Mart. |
| in bookstores, only about 10 -15% of new books are | | | | Getting your book into bookstores is a critical step in |
| sold online. | | | | how to get a book published. |