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October 9, 2012By Michael Cader

German Bookstores Are Down 4.7 Percent; Fnac’s French Owners Reported to Look for Sale At Any Price

October 9, 2012By Michael Cader

Even with ebook adoption in its very early stages outside of the English-language world, brick-and-mortar bookstores all over are feeling the pressure of a changing world. As head of the Association of German Publishers and Booksellers Gottfried Honnefelder said at the opening press conference of the Frankfurt Book Fair, so far this year the German book market as a whole is down two percent, but physical bookstores are down 4.7 percent and “one of our leading retailers said 50 percent of the retail space [for books] has to be abolished.” eBooks are not yet to blame, as they are expected to double […]

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Filed Under: Finance, International News

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