Wednesday, January 1, 2025

Why we carry what titles we carry.

I went into this a little with the last Pegasus Books post, but thought I'd add some detail.

Because for the first half of our existence we were a comic, card, game, toy store , it's been difficult to get most of the local population to understand that we've added so many new books. This affects what and how we order books.

To put it plainly, the locals don't seem to think of us when it comes to the new bestselling releases each week. As a result, I may sell, at first, one or two copies of these big sellers instead of dozens. We're not the type of store where you will find stacks of the same title. 

The thing is, I can always order more.

What I find is that I will indeed sell the bestsellers, but more often to tourists and newcomers to Bend. Not sure why that is, but that seems to be the case. Fortunately, downtown Bend attracts exactly those customers. 

By luck and happenstance, the main wholesale book distributor (Ingrams) has a warehouse in Oregon. If I order a title before noon, I will get it the next day. So I'm only one to two days from replacing titles. My strategy is to carry smaller quantities of each title knowing I can quickly replace them.

Do I miss sales? Probably, but the other side of this equation is that I'm rarely left with any overstock. So few are leftover that I don't actually ever send books back. 

In other words, I try to be timely and efficient. Get what sells and keep ordering it. 

The other reason I don't send books back is that I get a higher discount from Penguin Random House, the biggest publisher in America. PRH and the publishers they distribute, account for about a third of all the books I order. Unfortunately, the PRH warehouses are back east so it takes a week to ten days to get a shipment.

I'm constantly weighing whether to order on a timely basis from Ingram or a higher discount from PRH. 

Because we don't churn new bestsellers like most bookstores, I try to make up for it by having the broadest selection of books I can, with an emphasis on what are termed "mid-list" books. In other words, instead of having twenty copies of this moment's bestseller, I'll carry a couple and then have eight other titles instead. Broad and thin inventory. 

This allows me to experiment with lots of titles. I cast the net as wide as possible. I'm constantly on the lookout for a midlist book that will sell. When I find one, I add it to the perennials that I keep in stock. 

This also separates Pegasus Books from most corporate stores and even most indie bookstores. We carry a selection of books that is unique to us.

For instance, we have strong SF/Fantasy (as might be expected), Horror, Mystery, and Classic books sections. Lots of YA graphic novels (as might be expected), and even Western and Romance novels. We're considerably more genre oriented than most bookstores.

But we also carry the more literary books--indeed, we probably experiment more with titles than even those stores that specialize in them. 

I admit. I want to be taken seriously as an indie bookstore, while at the same time, I want to seem quirky and unique. 

Frankly, I don't think I can help it.

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