PADUCAH, Ky. – Collector Books formally announced today its decision to end its 40-year-old antiques and collectibles book line, citing lagging profit margins due to pressure from the Internet.
For more than 40 years, Collector Books made its name creating more than 1,500 titles and price guides for collectors. Spokesman Allan Ramsey said although Collector Books enjoyed supporting dealers and collectors while providing jobs for families, customers stopped buying books in favor of free information found online.
“Consumers slowly began to consult the Internet for their information, which began to cut into the sales of our titles, so much so that Collector Books could no longer be profitable publishing these informational value guides,” Ramsey said. “Therefore, on May 7 the decision was made to suspend the publishing of these types of titles.”
Collector Books will stay in business and continue to release the remaining 14 titles on its Fall 2010 schedule and will continue to sell the books that are in inventory through most of 2011, and possibly beyond. Once the inventory is completely sold out, books on antiques and collectibles will no longer be published.
“This was one of the most difficult and emotional decisions that the Schroeder family has ever had to make,” Ramsey said. “It is sad, not only for employees and staff, but for all the collectors who relied on factual information and values.”
Collector Books is offering eight, all-new titles just recently released, plus some special sales that contain 39 titles with greatly reduced prices available online or at PO Box 3009, Paducah, KY 42002.
-posted by Eric.