“The book market is dying.”
That’s the conclusion of a new book that examines the fate of the New York City bookstore, where books have traditionally been sold at a price tag that’s about $1.25.
The author, who is also a former vice president of book sales at the New Jersey-based Borders Inc., said the current model has been the “best in the world.”
But, he said, “I think it’s going to die.
It’s going, it’s not going to thrive.”
New York’s book sales are falling, but they’re not going away anytime soon, said Peter L. Miller, the author of “New York Book Store: The End of the End of an Era.”
In the past, he noted, the book business thrived with a market size of about 2 million, with thousands of bookstores across the state.
But with fewer people shopping, and fewer people buying books, the industry has been losing money, Miller said.
The book market was growing in the early 1990s, but that peaked at about 5 million.
It declined in the 1990s and has since been contracting, with fewer sales.
“I think the book market in New York is going to go away,” Miller said in an interview at his office in Brooklyn.
“I would say it’s already gone.”
Miller said his book was published by a small publisher, and he doesn’t think that will be the case any time soon.
Miller, who lives in Brooklyn, said he and his wife, author Amy Sauer, decided to publish the book after having been frustrated with the current bookselling system in New Jersey.
The New Jersey bookstores, he explained, are so dysfunctional, there’s no way to even find the books you want, let alone make them available for sale.
So when you call and say you want a book, the only thing that happens is the storekeeper gives you the address and phone number of the bookseller and says, ‘Well, we’ll call you back.’
“Miller said he was initially reluctant to write about the book because he feared losing his job.
He was offered a book deal by a bookseller in Manhattan, but decided against it because he wasn’t interested in writing about it, Miller explained.
But when he saw how many books are sold at $1, he was convinced it was time to change the bookselling model in New Zealand.
In New Zealand, the Bookseller’s Licensing Board is responsible for licensing books.
A bookseller can’t sell books directly to consumers because they can’t be purchased in a store, said Michael Jackson, an associate professor of economics at the University of Auckland.
The system was developed by the then-prime minister of New Zealand who wanted to create a more open market for books, and it allowed booksellers to sell their books directly through their websites.
However, the new system didn’t have enough time to catch up with the growing demand for books and the cost of printing and shipping books, Jackson said.
According to the book industry body, New Zealand has one of the lowest book prices in the developed world.
In New Zealand the average price of a book sold on New Zealand’s main online marketplace, Amazon.com, was $8.20 in May.
For books, prices on Amazon vary wildly, from a few dollars per book for e-books to more than $100 per book, Jackson noted.
New Zealand also has the lowest tax on books at just 0.01 percent.
Booksellers like Miller say the price of books is rising, but there are plenty of other ways to make money online.
The New York State Library sells books through its e-reader program.
Many independent bookselling sites also accept donations.
The American Bookseller, which publishes the most popular books, also has an online store, where people can buy books.
The new book, “The End of The End: How the New Books are Being Declined,” is due out in June.