Friday, November 03, 2006

A Year Without Harry Potter Is Like a Year Without Money

CBC NEWS: There was no Harry Potter book this year — and that cost Indigo Books & Music Inc. dearly.

Total sales for Canada's largest bookstore chain fell 2.4 per cent to $182.2 million in the fiscal second quarter, largely because there was no Harry Potter book to sell. And a quarterly profit last year turned into a $1-million loss.

4 comments:

Cap'n Bob Napier said...

They could have stocked more Criders, the fools.

Kent Morgan said...

Another reason is that this may be the worst bookstore chain in the world. Ever since Indigo took over Chapters, the book inventory is down, the stock of cards, candles, gifts, etc. dominates the entrance and main floor of most stores, the staff has been cut and the coffee shop is smaller. The latest move in my local store, which is located near Winnipeg's largest shopping centre, was the removal of the computers where people could purchase Internet service along with the couches, tables and chairs. While I admit that I do visit the store a couple of times a month, I seldom buy anything and prefer to support our local mystery store, Whodunit, and the large independent McNally Robinson store that is much better than Indigo/Chapters and run by local people. McN-R also has stores in Calgary, Saskatoon and New York and has been named Canada's top independent.

Chapters seldom has signings these days while McN-R seems to have one almost every day and Whodunit also does frequent events. Mark Billingham, Alexander McCall Smith and Giles Blunt were there in the past couple of weeks, but they weren't near Chapters. When the last Harry Potter book cam out, McN-R held a major event and must have sold many more books than Chapters except for online sales.

I hate Chapters so much that I would rather purchase discounted sports books online from amazon.ca.

Todd Mason said...

A recent visit to one of the Borders stores makes me wonder if Borders, at least in the US, aren't in the same sort of trouble you see Indigo in, Kent...a lot more stationery, a lot fewer book displays, the newsstand slightly shrunken...

Anonymous said...

What makes sense to me is that the absence of one major series title is the demise of a huge bookstore chain. Does Harry hold that much power? Maybe it's magic.