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No Profit on Harry Potter for Indie Bookstores

The Telegraph picks up on the findings of the Bookseller’s survey of independent publishers last week, which concluded that a quarter of independent booksellers say that they will not stock the final Harry Potter book when it is published because they claim they cannot make a profit on it. The main reason? No way to match deep discounting by Tesco, Asda and the main UK chain bookshops. Charles Hampton of Boarderman’s bookshop in Bishop’s Stortford said: “We made a loss on the last one and I am not prepared to make a loss on this one. Independent bookshops are being discriminated against and being offered a lower discount and are being cut out of the market.”

The majority of independents asked said, however, that they would stock the title in order to retain customer loyalty. A Bloomsbury spokeswoman said: “We don’t give extra discounts on Harry Potter to anybody. We are the largest independent publisher left in the UK and we will do everything we can to support independent bookshops.”

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Thursday May 23: Real Talk about Life after Publication

These days, writers aren’t just writers: They’re social-media mavens, seasoned public speakers, and one-person publicity machines. And they still have to find time to write their books! Find out what life is like once you've landed that dream book contract in a free web chat with young-adult authors Elizabeth Norris (Unraveling and Unbreakable) and Brodi Ashton (Everneath and Everbound) — plus special guest Kristin Rens, editor at HarperCollins imprint Balzer + Bray. Thursday, May 23 at 7:00 p.m. ET. on Figment.com.