Quote:
Originally Posted by SteveEisenberg
Of course? How could they have competed, for long, with Amazon's greater financial strength when it comes to the ability to price below cost?
I would consider that Fictionwise made a big acquisition shortly before the great recession kicked in:
http://www.prweb.com/releases/2008/1/prweb606601.htm
Most likely, there were multiple causes for Fictionwise's decline and fall. Yesterday's A&P collapse, widely blamed on their 2007 purchase of Pathmark, reminded me of the acquisition factor. |
From what I remember when the big publishers went to agency, they left the smaller stores without a contract for quite a while. I remember Fictionwise selling Random House books but no other big publishers. It's hard to stay in business without having the products to sell.