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Perhaps big chains do it differently but from what I understand bookshops get most books on sale or return. If it does not sell it goes back to the publisher. I think they get about 40% gross margins if they sell for the retail price.
So I can't imagine a bookshop having a very good close out sale as anything they don't sell they can just return and if its only a 20% discount they are still making a profit and you can probably get it cheaper from amazon.
Mind you I've been wrong before...
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