Today, Borders announced they will not be shipping unsold books back to HarperStudio, forging a new sort of relationship between publisher and distributor.
Yesterday, GalleyCat caught up with HarperStudio president and publisher, Bob Miller, to talk about non-returnable deals. In this exclusive video, Miller explains how he hopes to cut similar deals with more bookstores, and readers get a glimpse of HarperStudio’s upcoming titles.
The Wall Street Journal has the story: “Under the terms of the deal, the nation’s second-largest bookstore chain by revenue will get a deeper discount on initial orders of books published by the new imprint of News Corp.’s HarperCollins Publishers — 58% to 63% off the cover price, instead of the usual 48%. In exchange, Borders won’t return any unsold books to HarperStudio, instead probably discounting them in the store.”