Showing 135 posts tagged retail

Technically, consumers are supposed to pay taxes on things they buy online. In fact, few do. Congress is considering a bill called the Marketplace Fairness Act that would force many online sellers to collect sales taxes for the first time.

Online Sales Taxes Shift Consumer Behavior, Study Shows : All Tech Considered : NPR

I do not think it is a coincidence that Amazon’s success has corresponded with a significant contraction in the book publishing industry, one marked by mass layoffs, the merger of two major companies, drastically reduced royalties for writers, and a remarkably embarrassing price-fixing lawsuit. What remains to be seen is how Amazon will behave in the other product categories it sells, and eventually in the “everything” that Jeff Bezos has always promised.

n 1: What Seems To Be the Problem Here?

State data reveals that from 2000 to 2012, the number of bookstores in Manhattan fell almost 30 percent, to 106 stores from 150. Jobs, naturally, have suffered as well: Annual employment in bookstores has decreased 46 percent during that period, according to the state’s Department of Labor.

Surging Rents Force Booksellers From Manhattan - NYTimes.com

Digital sales last year grew by 4.3 percent around the world, led by a 51 percent increase in revenue from subscription services. Income from these all-you-can-listen outlets, like Spotify, Deezer and Rhapsody, exceeded $1 billion for the first time last year, the federation said. About 28 million people around the world pay for access to them, up from eight million just three years earlier. Yet this success was offset by declines in downloads and physical sales. Sales of physical formats like CDs, which still supply about 51 of the industry’s trade revenue, fell by 11.7 percent last year. And sales of downloads, a growth business for more than a decade, were off by 2.1 percent. Still, downloads represent 67 percent of the digital market.

Music Sales Fell in 2013, Even as Streaming Revenue Increased - NYTimes.com

The power of memberships isn’t just that they represent dependable revenue for Amazon in the topsy-turvy world of retail. It’s also that they’re sticky for customers. Couch potatoes have a hard enough time canceling their $90-a-month gym memberships, thanks to status quo bias and general laziness. It’s even harder to justify canceling a $8.25-a-month membership that gets you free fast shipping to the biggest online store, a great digital video offering, and more, just because the price went up by less than $2 a month.

Prime Is the Future of Amazon - Derek Thompson - The Atlantic

Best-selling author James Patterson is giving away $1 million of his own money to independent bookstores. On Wednesday, Patterson announced the first round of 55 stores to receive over $267,000 in funds. The remaining $750,000 will be given out in stages throughout the year. Patterson’s publisher, Hachette Book Group, released a statement saying the author feels that bookstores are vital to communities and that they leave a lasting love of reading in children and adults.

Author James Patterson giving $1M to bookstores - Yahoo News

At the moment, those people are obsessed with how they read books—whether it’s on a Kindle or an iPad or on printed pages. This conversation, though important, takes place in the shallows and misses the deeper currents that, in the digital age, are pushing American culture under the control of ever fewer and more powerful corporations. Bezos is right: gatekeepers are inherently élitist, and some of them have been weakened, in no small part, because of their complacency and short-term thinking. But gatekeepers are also barriers against the complete commercialization of ideas, allowing new talent the time to develop and learn to tell difficult truths. When the last gatekeeper but one is gone, will Amazon care whether a book is any good?

George Packer: Is Amazon Bad for Books? : The New Yorker

About 17 percent of books in France are now sold online, compared with about just 3 percent in 2005, according to the Ministry of Culture. Four out of every five of those online sales goes through Amazon…
The proposed ban on free shipping must still receive final approval from the lower house of parliament… Once it is enacted, Amazon and its online competitors will have to choose between offering less expensive shipping or less expensive books. The total discount won’t be able to exceed 5 percent — ensuring that books bought online will be more expensive than those bought in stores.

France says ‘Non’ to the digital age | The Great Debate (via alexanderpf)

(via alexanderpf)

The sophisticated hack reportedly took place over several weeks — starting on Black Friday and possibly extending all the way through December 15th — and is said to involve “nearly all” Target stores in the United States. Krebs says the breach “involves the theft of data stored on the magnetic stripe of cards used at the stores.” Online orders are said to be unaffected. Still, it sounds like a worst case scenario for Target and its shoppers …

Report: Target suffers Black Friday hack at ‘nearly all’ stores, millions of credit cards at risk | The Verge

I don’t know if it’s a saturation point with digital,” Len Vlahos, the executive director of the Book Industry Study Group, said in a recent interview. “But all the data we see suggests that we’ve hit a state of equilibrium. The trend lines have flattened out. Three years ago, it was a nascent market, but now it looks like a maturing market.” Jennifer Enderlin, the publisher of St. Martin’s Press Paperbacks and Griffin, said that she thought e-book sales were finding their level, and that it would “start affecting print books in a good way.” “Independents seem to be having a good run right now,” she said of the bookstores. “They’re having a nice renaissance.

Booksellers Wary About Holiday Sales - NYTimes.com