In a note posted on its web site, the Poughkeepsie, NY-based wholesaler announces that they will close this Friday. (They are taking final orders today, and will “accept customer returns and process claims for damaged books” until the 23rd.) “A wholesaler, however committed to or respected by its customers, cannot be a wholesaler for very long without books. Over the course of the last year, we have not been able to raise the capital necessary to fund BookStream’s inventory in a way that compensates for never having established, after three years of being in business, trade credit commensurate with the […]
