Entertainment For Lively Minds
Foyles Bookshop
Posted by Pinmonkey on 1 November 2010 - 3:50pm.
I've always enjoyed browsing in Foyles bookshop in St Pancras railway station if I've got 30 or so minutes before catching the train home from Kings Cross. I've noticed that they don't seem to discount the books or have many offers and assumed that that is their pricing strategy for a railway station.
Anyway I visted Foyles in the Westfield shopping centre at the weekend and it the same there.
Is this the deliberate marketing policy of Foyles and how does it work compared to Waterstones?
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They do in my experience
The branch on the South Bank has regular 3 for 2's or BOGOF's.
Not many though. But it's not huge.
Dunno anything about that but...
... if you have 30 mins to spare around that way, then you can do worse than nip into the British Library for a look at the latest exhibitions.
[interest declaration: I work for the BL]
Agreed
The recent maps exhibition was fantastic.
Compared to Daunts,
Foyles are practically giving them away. Daunts don't discount, full stop.
They seem to be doing OK
http://www.thebookseller.com/news/129501-foyles-outperforms-market-with-...
"Independent bookseller Foyles has increased its operating profit five-fold in the last year (to 30th June) to just under half a million pounds, bucking the trend in the overall market.
Operating profit increased over from £80,625 in the previous year to £434,588. Turnover also grew by 1.9% to £23.1 million and like-for-like sales saw a growth of 9.7%. Over a similar period (year to 3rd July) the total consumer market was down 2.8% compared to the previous 12 months."
Better than Waterstone's, I imagine. I hear all sorts of dark murmurs about HMV trying to find a way to get rid of its bookshops.
Good article
with some interesting comments attached to it. The piece does make reference to the fact that Foyles don't follow the current high street model -they seem to prefer a healthy margin rather than volume.
These must be worrying times for the high street bookseller with internet sales and massive discounting by the supermarkets. One of life's pleasures is to browse in a bookshop lets hope it doesn't slowly disappear.