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Book retailing

Displaying remainder books with pride in the newsagency

Remainder books in newsagencies are often placed flat on a trestle table or in a dump bin. That is what we did for ages. Then, we tried treating them with pride, by displaying them in a way similar to what you may see in a bookshop.

This simple change boosted good sales to excellent sales.

Better still, customers commented, complimenting the display.

The photo shows part of the display. It’s located mid-store and is working better than the dump bins we had at the front of the store.

This particular store is not a bookshop, not even close. We are limited by the lease as to the percentage of floorspace we have give over to books. This display is us at capacity.

The change is display from something that looked cheap and somewhat apologetic to this display that is classy and proud lifts the shop and sees the return on investment from books growing beyond already good sales. It took a few minutes to create. The initiate was by a new team member who thought they could do better … and they did, for which I am grateful.

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Book retailing

Impressive Bookshop by WH Smith

Bookshop by WH Smith at Gatwick airport is impressive. While the product mix, table fixtures and shelving are not that different to the usual book retail in airports, the colour, signage and lighting choices give Bookshop a fresh and noticeable look.

Book retail in transit locations is strong. Range and ease of shopping are key. Giving an experience that takes you out of the usual airport rush and noise is important.

I like Bookshop. What they have done with this is fresh compared to the traditional high street retail we see from WH Smith.

Here are some photos that illustrate these points.

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Book retailing

Books you are guaranteed to love

This guarantee at a book outlet at Melbourne airport is interesting. If you don’t love the book you can get your money back. While I understand that guarantees are often not called in, the offer is interesting. It makes the purchase feel less risky. The retailer is smart and long-term. They would be making the pitch because it works.

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Book retailing

Newsagents could sell this book

IMG_6423I like the placement of the stand promoting the James Patterson kids book Middle School next to the newspaper stand at an airport outlet in Melbourne. Patterson has been in town this week – interest should be strong. I know newsagents who would love to have easy access to new book releases.

While independent newsagents can access books, it is challenging to organise for new titles and on good terms.

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Book retailing

Terrific book marketing idea: blind date with a book

blinddatebookI love this approach to promoting books I saw in the window of Elizabeth’s Bookshop in Sydney recently.

Blind date with a book invites you to purchase a book based on a few words written on a brown wrapper covering the book. The idea of the promotion is to get readers to try new things. Researching the idea online, I discovered the blind date with a book idea has been going round bookshops for a while. Whoever thought it up is owed gratitude as it offers another reason to consider buying books. For example, I could see myself purchasing a brown-wrapped book as a gift for the thrill of the surprise for the giver and recipient.

What a brilliant idea! I can think of ways we could adapt this for things we sell in the newsagency. For example, why not for a magazine or even a gift.

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Book retailing

The Drover is an excellent book for newsagents to sell

Screen Shot 2015-03-04 at 3.02.42 pmThe Drover is an excellent book opportunity for newsagents. It makes for an excellent gift, especially as we prepare for Mother’s Day.

I know of plenty of newsagents who have achieved good sales of this wonderful all-Australian coffee table book. The Drover tells a wonderful story in pictures. I’ve seen people of all ages enjoy it.

Click here for a flyer on an offer for The Drover.

Read what Alice Mabin the author says:

It has been a real challenge but rewarding at the same time,  to self publish and distribute my own book. The fact that book shops have not stocked my book has been a bit of a blessing in disguise as it has made me think outside the box to promote and distribute my book and still make it a success.

The Drover is a terrific small business story which should resonate with newsagents.

Footnote: I have no commercial relationship with Alice Mabin whatsoever. I endorse this book and the opportunity because I love Slice’s story.

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Book retailing

Checking out the Officeworks Back to School catalogue

owcatNewsagents doing Back to School should get their hands on an Officeworks BTS catalogue for when they do a post-season review. At 64 pages, the Officeworks catalogue is comprehensive. You read it thinking you’ll find what you need. The design connects with the marketing collateral in-store from the display to the posters to the dump bins. It all visually connects in an entertaining and compelling way.

The catalogue also pitches in an accessible way. For example on pages 22-23: Books to help young students learn and grow. This focuses on the outcome. It’s a clever and engaging pitch. On pages 10-11 the pitch is: All the tools for big ideas. Again, smart. then, on pages 60-61: File and store all their big ideas. The narrative is clear and encouraging.

Officeworks supports creativity and helps you as a parent to help your kids with their big ideas and then helps you store them for the future.

I’m not here to champion Officeworks but rather to draw your attention to this competitor and to recognise that they did BTS well this year. Our channel can learn from this.

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art supplies

Newsagents helping to make The Drover a best seller

drovAlice Mabin’s book, The Drover, is doing stellar business for Australian newsagents after bookshops rejected it. I have it in my newsagencies – it’s an excellent book. Some customers are buying it for the history. Others buy it as a gift.

The Drover is an excellent opportunity for our channel. I urge more newsagents to stock this – for the sales and to prove what we can do.

I asked Alice today for an update on how the book was going. Here’s her response:

So I have just counted up my newsagent stockists.

I have 92 newsagents stocking it that are not newsXpress newsagents. There are 21 newsXpress newsagents.

Newsagents that have done ‘outback’ displays to showcase the book have done super well with it- most selling between 60 and 200 books per shop.

To date I have sold just over 11,000 copies.

I am more than willing to book in authors talks or book signings with newsagents for next year. I had my first newsagent signing today in Kerang in Vic at newsXpress Kerand. The newspaper and radio did interviews with me pre the event to promote it and both showed up again today and interviewed me again which was great. The shop had a great little display up where I sat for the day and talked to people as they came in to the shop. We had 52 books go out the door in three hours!

It would be good to highlight the good margin in the book for them and the value that a display has to double figure sales. I find that a lot of newsagents are reluctant to stock it because they see it as a high priced item and are scared they wont sell it. And then they say they don’t have room for a display but as I try to advise them- the shops that have done displays have sold boxes and boxes of books.

I am currently running a display competition with newsagents- if they send me a photo of their display their display will be judged by an independent judge to win a half day photo shoot with me- an $800 prize.

I am also offering free freight on two or more boxes and orders than come in before the 19th of December I am offering deferred terms to the 30th of January 2015. (My distribution centres go on holiday on Friday until the 5th. I have pallets I can get to and send them out via other methods over xmas, but they wont be as efficient as my distribution) I have great point of sale posters I have also been sending out to stores free of charge.

I have attached a bit of a story on me and my journey to doing this that might give you some stuff to play with also.
If you would like some images to go with it, let me know and I can flick a few your way.

I think people are worried sales will stop after Xmas also. I think they will slow down but they won’t stop- it’s such a timeless piece of outback Australian history that will appeal to people until such time as a bigger better event is undertaken.

Book signings next year will help reinvigorate the story in shops where sales have slowed down.

I plan to have gift cards and a few other smaller, lower priced items for shops to sell next year which will follow the same outback theme to complement the book.

I am so grateful for your continuing support with my book!

If you would like to order this book please contact Alice on 0499 559 399 or visit her website Http://almabinphotography.com.

FYI I have no commercial connection with Alice. I’m promoting it here because it’s a good story and a good opportunity for all newsagents.

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Book retailing

Wonderful note from the author of The Drover

I received a wonderful note from Alice mavin, author of The Drovera coffee table book I strongly recommend newsagents stock

My name is Alice Mabin and I am the author of The Drover. I was at newsXpress Beechworth today and Vaughan showed me the post you put on your newsagency blog.

I just wanted to say a huge thank you for your comments. I see you have a very strong following on the blog and your message really helped with my book sales leading up to Christmas.

It has been a real challenge but rewarding at the same time, to self publish and distribute my own book. The fact that bookshops have not stocked my book has been a bit of a blessing in disguise as it has made me think outside the box to promote and distribute my book and still make it a success.

The newsagents that have got behind it have been wonderful and have even been active in following through with the merchandising ideas I have given them to help with promotion.

Alice is supporting our channel with access to her book, autographed copies and retail support. Newsagents I’ve heard from say it is selling very well. This is a good Aussie story for us to get behind.

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Book retailing

Terrific product for newsagents in cattle country

driverThis is a product tip I heard about from Peter at newsXpress Emerald.  The Drover by photographer Al Mabin is a wonderful photography book documenting a 2,000km cattle run of 18,000 head of cattle through two states. It’s selling exceptionally well at newsXpress Emerald and could sell well in other cattle country areas. Here are reasons for newsagents to get behind The Drover: It is self published, it beautifully documents Australia and this Australian event, customers love it, it’s a great Aussie story. Contact Al directly to purchase the book at wholesale for sale in your newsagency. You can be part of a terrific local story.

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Book retailing

What a waste Bauer distributing this Ripley’s book

bookerThe anger from the newsagent reporting receiving this Ripley’s book from Bauer’s network Services this week was palpable. The RRP $29.95 title had no place in the scale out from a magazine distributor.

Newsagents can get books like this elsewhere at 50% and more GP and with more control over supply. Any book supplier using a magazine distributor to access newsagents should think twice.

This title was early returned – what a waste of time and money!

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Book retailing

Moving from print to digital for books

While I have completely switched from print to digital for news and special interest magazine content, I have continued to only read books in their print form. I read a lot and the print experience provided time away from a screen. I like the ease with which I con interact with the book and appreciate seeing shelves full in my home office.

As an author I have experienced book publishing in the digital and print formats. I found the digital experience better for the data provided on engagement and download.

A few days ago I discovered a new book that I wanted to read urgently. The print edition would not be here until next month. Wanting it now, I bought my first digital edition of a book. Within seconds of purchase it was on all my devices: laptop, iPad and iPhone. The reading experience so far is better than last time I checked it out in an Apple store – years ago. If it continues this well the only thing I will miss is the reminder of books I’ve read on the shelves.

As technology evolves, more people will migrate from print to digital for all sorts of content. Reasons for sticking with print will fade as technology improves. Retailers relying on print for their future need to watch the trends with books, newspapers and magazines. Each of these three are being impacted at different paces. Newspapers are on the edge of the cliff, books are playing nearby and most magazines are some way back. However, they are all closer to the cliff than they were a year ago, two years ago …

I did not expect to enjoy digital book reading as much as I am. I only bought this particular book out of urgent necessity. I’m glad to be discovering an unexpectedly enjoyable experience.

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Book retailing

Relay gives a lesson in retail product placement and promotion

bookfrontRelay stores at airports in Australia are always worth a visit. They are in traffic rich locations and need their displays work at drawing people into the store. This display at their Canberra outlet is on the corner of the lease line.

I stood across from the store for five minutes and saw four people walk across to look at the promoted book. One purchased.

The relay approach is simple to follow: make the product the hero and tell people who the product is the hero.

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Book retailing

Cool kids book nook

kidsbooksCheck out the very cool kids book reading and sales nook I saw in a bookshop at Auckland airport. It was in the centre of the shop – a play area kids could be within easy view of parents browsing the shop. Out of shot in the photo is a couple of kid-size seats.  Very cool.

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Book retailing

The bright book shop beckons tonight

brightbookshopI had to visit this bookshop tonight on Mary Street in Brisbane tonight. At 5:20pm the street was dark and this shop stood out. The brightness of the lighting says something about the business. It made me feel I was certain to find a good book there.

Call me crazy but I connected the brightness with optimism.

While there were other shops open on Mary Street, this was by far the best lit, the most visually enticing.

Any retailer on this end of Mary Street competing for a bookshop customer will have to lift their game if they want to compete. The newsagency across the road was open but the lights were dim. It didn’t have the feeling of optimism. This could be fixed with some shop floor changes and fresh lighting.

We compete in an ever changing world and while newsagents often worry about what they cannot change – like online, print disruption and the like – too often they ignore what they can change like in-store lighting.

I found a good book by the way – Prisoner X by Rafael Epstein.

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Book retailing

Magazine distributors should not distribute books

returned-bookI was surprised to receive this book with magazines yesterday. We don’t sell books –  not full price titles and not for 25% in gross profit. We need to be able to stop products like this being sent to us without out approval. As it stands we have to pay to send back this stock we don’t want. Some newsagents will look for other ways to strike out at Network for this scale out. This is what all magazine publishers need to understand when wondering about why newsagents early return stock.

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Book retailing

The evolving bookshop, the evolving newsagency

i2I spent some time at the Dymocks flagship store in Sydney earlier in the week and was surprised at how far it had evolved from a traditional bookshop offering. While they still sell books, they have a strong representation of gifts, cards, social stationery, gadgets and toys / games. The photo shows part of their toy / game area which is in the front part of the store. I’d say it’s located here because it’s an important part of their offer.

The borders between retail niches have become blurred in recent years and this will be even more so as more niches encounter challenges from online.

Smart retailers today don’t define their businesses by the traditional past of the channel. They focus on what they can sell regardless of whether it neatly fits the business they offer. This is why we see newsagents doing so well today with gifts, plush, jewellery, toys, homewares and fashion.

Being a retailer and not an agent means we have to continually evolve our businesses, to make the most of the opportunities we see where we can generate and nurture our own traffic from decisions we make – even if the products are outside of what we have traditionally offered.

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Book retailing

Pressure on remainder / discount books continues in 2014

bookscheapThere was a time not so long ago when we could rely on remainder book sales three or four times a year to deliver excellent good-margin revenue. Those days are gone with landlords signing up deep discounters for outposts. Whereas newsagents would tend to run catalogues with prices delivering healthy margins, today’s book discounters pitch a price that only works with a sales volume far greater than newsagents could achieve with an in-store promotion.

I took the photo yesterday in a regional mall in Queensland. Everything was $6. Looking at the stock on offer, it only works if they achieve volume. The space would be costing around $3,000 for seven days. Labour would be at least $1,700 a week and this needs to be factored in even for an owner-operator.  Round it up to $6,000 in operating costs for a week once you allow for freight, storage, insurance and other items and you’d need to sell at least $12,000 in books in seven days to justify the outpost.

There is no point in pining for opportunities of years past. If we want to be in books in 2014 we need to work with suppliers keen to do it differently and suppliers prepared to commit and not succumb to the discounters who do deals with landlords that harm the businesses of their long-term tenants – these outposts from non-tenants are a blight in shopping centres, they hurt many businesses.

These outpost operators who pitch on price can do so because they are here today and gone tomorrow. Retailers with long term leases can’t pitch on price unless we are prepared to forever pitch on price and that is a losing game. People who purchase on price are the most fickle shoppers. The only way to retain them is to forever pitch on price.

As for books, if we want to be in the space we have to do it in a way that represents a value proposition, one that works for us in terms of the investment needed and one that pop-up retailers will struggle to match. One newsagent I know in country Victoria has done this well by focussing on kids books and creating a section of the store beautifully decked out for this.

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Book retailing

Making money from the Rudd v. Abbott contest

We have the David Marr Power Trip Rudd v. Abbott book next to our newspapers. This is perfect placement and perfect timing for the book – delivering nice extra margin dollars when purchased on impulse by a newspaper shopper. This is a good example of paying attention to what we sell and locating product for maximum advantage. The book appeals to people who support either politician.

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Book retailing

Online competition for AWW cookbook sales

Newsagents concerned about falling sales for Australian Women’s Weekly cookbook sales may want to check out OZSALE, a member based online discount site. On the site yesterday were plenty of AWW cookbooks including some titles currently in newsagencies for a much higher price.

While I am sure those managing the newsagency channel within Bauer will have an explanation on how this can happen (it was handled by the book division, stock was purchased form a retailer who went broke etc), it will not resolve the fact that it makes us look expensive.

If Bauer is supplying OZSALE they need to stop or they need to supply to us so we can be competitive.

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Book retailing

All Books For Less in administration

T.B. CLARK BOOK BARGAINS PTY LTD, the company operating the All Books For Less retail group, has gone into external administration. Some stores are closed and some have already been taken over by other operators.  This will be good news for newsagents located near All Books For Less outlets.

Stand alone book retailing is tough. There is an opportunity for books in newsagencies.

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Book retailing