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Good-bye, Long Tail
Interesting (and long-awaited) article in the Wall St. Journal on
Borders' decision to reduce the number of titles it stocks in
favor of giving fewer titles more prominent display. WSJ is a
subscription site. The article is dated March 12 and is titled
"Borders Tries About-face on Shclves." The byline is Jeffrey
Trachtenberg.
From the article:
"In a radical move aimed at jump-starting sales, the nation's
second-largest book retailer is sharply increasing the number of
titles it displays on shelves with the covers face-out. Because
that takes up more room than the traditional spine-out style, the
new approach will require a typical Borders superstore to shrink
its number of titles by 5% to 10%."
The article goes on to note that tests show that when inventory
is reduced and fewer titles are supported (but more
aggressively), sales rise by 9%. Commentators contacted by the
reporter note that people "don't want choice" and that Borders'
decision will favor larger publishers.
This is the attention economy at work. What a windfall open
access is for Elsevier and Springer.
Joe Esposito