By Sarah Parnass and Anna MericaThe book market has never been more volatile, but it’s also never been worse, according to two senior booksellers.
The book market’s weakness is a consequence of two trends that are at the heart of the industry’s woes: a shift away from traditional bookstores, and a dearth of new books.
The market has always been volatile, said Chris Miller, chief operating officer at Barnes & Noble.
“But books have become a much bigger part of the business,” he said.
“There’s no question the book market is going through a major upheaval right now,” Miller said.
“There’s a huge amount of demand for books that haven’t been available in the past.”
Miller says the book industry has lost a lot of its originality.
“You see a lot more indie books now,” he added.
He predicts the book sales decline will continue, even as publishers and authors have to adjust to new competition.
“I’m seeing the biggest slowdown we’ve seen in the book business since I was a kid,” said Miller.
“I think the book publishing industry is going to have a hard time keeping up with that.”
He says that the best way to protect your business is to do something about it.
“It’s easy to fall into the trap of thinking that this will never go away.
You’re going to lose all the books that you’ve produced over the last 20 years,” he warned.
“When you make a mistake like that, you need to take a step back and look at what’s going on.”
Read more: How to stay on top of Amazon’s bestsellers and top sellers listWith more than 5 million books in print, the U.S. is a major publishing market for authors.
Miller points out that in the U