Wednesday, August 7, 2013

Online Retail Now Accounts for Nearly Half All U.S. Book Sales

dbw reporting:
Online book retail, including ebooks, accounted for 44% of all spending by consumers on books in the U.S. in 2012, according to a new report from Bowker.
This is up from 39% in 2011, which was the first year when online retail eclipsed physical retail as the No. 1 place U.S. consumers buy books.
The new data also revealed that Amazon increased its lead over other outlets in online book retail in 2012, with ebook sales from Barnes & Noble, the second-leading online outlet, declining as a proportion of overall sales even as ebooks continue to gain popularity nationwide. This bit of data dovetails with marketplace chatter about Barnes & Noble’s declining position among ebook buyers and as a source of revenue for some publishers.
Ebook spending grew in 2012 to an 11% share of the total versus 7% in 2011. While about a quarter of Americans say they read ebooks and many “power buyers” buy huge volumes of them, ebooks typically cost much less than print books, which explains the discrepancy between the number of Americans who read ebooks and the amount spent on them.
http://www.digitalbookworld.com/2013/online-retail-now-accounts-for-nearly-half-all-u-s-book-sales/?et_mid=631491&rid=233619411

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