Quote:
Originally Posted by HarryT
That's probably not actually too bad during a global recession, when many people have less money to spend on luxuries (which is what most book sales are).
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By the US trade business has *grown* in that time.
There are more people buying books than ever and the total market has grown.
What is happening is the growth is not coming in their segment.
And it really goes back to before the recession, 2006, 2007, and even earlier.
Nate the great covered this in his blog last year:
http://the-digital-reader.com/2014/0...ustry-numbers/
They are squeezing more money out of their remaining customers to stay afloat but the number of customers is declining with the increased prices.