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March 29, 2005: London Newspaper's Analysis of Book Business
"Within four years, says Verdict analyst Nick Gladding, one in 10 books will be bought in a supermarket."
"The supermarkets are selling on price alone and because of their enormous buying power they can undercut everyone. But they are only interested in the best-selling titles where high volumes can make up for wafer-thin margins. Gladding adds: 'Every sale to a grocer denies footfall and additional revenues to a bookshop.'"
