As the Canadian dollar picks up against its U.S. counterpart, retailers and readers are noticing there is still quite a difference between the Canadian and American list prices on books.
Publishers set the prices and print them on new books, often months or more than a year before books hit the shelves.
But Steve Budnarchuk, past president of the Canadian Booksellers Association, said Wednesday that ongoing negotiations between publishers and booksellers over the past year are starting to result in lower prices on new books.
Budnarchuk suggested that removing cover pricing from books and having retailers apply the Canadian prices themselves as they do in other industries could solve the problem.
Sales of periodicals and other printed matter grew by $25.8 million in 2006 to $2.8 billion in 2006, with $7.61 of every $10 in culture goods imported by Canadians from the United States being spent on writing and published works.
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Publishers set the prices and print them on new books, often months or more than a year before books hit the shelves.
But Steve Budnarchuk, past president of the Canadian Booksellers Association, said Wednesday that ongoing negotiations between publishers and booksellers over the past year are starting to result in lower prices on new books.
Budnarchuk suggested that removing cover pricing from books and having retailers apply the Canadian prices themselves as they do in other industries could solve the problem.
Sales of periodicals and other printed matter grew by $25.8 million in 2006 to $2.8 billion in 2006, with $7.61 of every $10 in culture goods imported by Canadians from the United States being spent on writing and published works.
Full Story
More...