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Book Depository sales double

31.07.07 Graeme Neill

Online bookseller The Book Depository has announced sales of £24m for the year to end-June 2007, £12m up on the previous year. The company, which was founded in 2004, focuses on making a huge backlist of titles available to customers.

Owner Andrew Crawford said the company had performed “very well” during the past 12 months. “It’s where we wanted to be and the results make us one of the top ten booksellers within three years of trading,” he said. “It’s especially good because a lot of bookshops are not doing so well. It’s very good news for us and for the trade.”

He added: "Where other retailers seek to sell more of less, we seek to sell less of more thus exploiting the long tail within the book industry and opening up the huge backlist. Of the 30 million titles ever printed in the English language only about 2.2 million are in print and of these only 20% are being easily made available for people to purchase quickly. We are seeking to make as many titles as possible available and by also making foreign language titles available, we will have the largest breadth of titles available in the world."

financial results The Book Depository Andrew Crawford

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