This is our last issue of 2008, a year that was progressing reasonably well until the last few months. Since September book sales have slowed, and most major publishers have announced layoffs or consolidations or both. The larger booksellers, many of whose locations are in malls, have reported the most difficult retail environment in memory. But in recent weeks, we are encouraged to hear from many booksellers, particularly independents, that business has picked up again. Let's hope that continues and that the book business responds to the wider crisis with the wonderful intelligence, creativity and scrappiness that distinguishes it from many other industries.
In any case, this year we offer a special welcome to the New Year, which begins with a clean slate and fresh beginnings--in many ways.
See you again Monday morning, January 5!