Blog

Margin call

Seven years ago, The Bookseller published an open letter from Sam Husain, then chief executive of Foyles, exhorting publishers to support bookshops with better terms. He wanted an average discount closer to 60%, an improvement of 20 percentage points on what he saw was prevalent at the time. He argued that despite lower volumes on some titles, bookshops needed to be rewarded for the value they put into the market, including visibility, knowledge and author events.

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