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Re: Coutts bought by Ingram
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- Subject: Re: Coutts bought by Ingram
- From: "Joseph J. Esposito" <firstname.lastname@example.org>
- Date: Mon, 18 Dec 2006 19:10:33 EST
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I think "the staff" is (are?) correct.
The academic community is understandably wary of consolidation, but consider this particular situation. Ingram is a very good company. They have a flat business in the bookstore sector in part because of the growth of the distribution centers at B&N, Amazon, and Borders. Add to this the unfortunate fact that the independent bookstores, which were formerly Ingram's lifeblood, have only 15% of the trade market (down from 50% 20 years ago). The discount wholesalers (e.g., Costco) are serviced by AMS; Ingram has no significant position there. So where to look for growth? That's the driver for Ingram, not pushing through price increases.
B&T will be affected by this. Ingram is good at what they do; with Coutts they will get some greater library expertise. Note that Ingram can also service libraries with its digital capability (Lightning Source, etc.). I view this as a win for Ingram and the academic customers (more and clever competition) and a headache for B&T. I have nothing against B&T, but I do like competition.
I would like to see Follett make a stronger play for library business. Currently they are dominant in the school market, where their reputation for service is very good.
----- Original Message -----
From: "Liblicense-L Listowner" <email@example.com>
Sent: Monday, December 18, 2006 9:09 AM
Subject: Coutts bought by Ingram
Christmas is here -- everyone's buying big prezzies (or at least Wiley, CAS, Ingram are). I believe that previously Coutts' sole owner had been the James Gray (CEO of Coutts). The staff believe that this is a very good match ... brings capital, inventory to Coutts; and access to the academic marketplace for Ingram, which hasn't been much in this space. Look for a press release coming soon to an e-mail box or Web site near you. Ann Okerson/Yale Library
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