In the past, we'd see bookshop owners dressing up and putting the final touches to their World Book Day displays. But this year, with book retailers remaining closed until April in the UK, it's a very different story.
World Book Day is an annual event that takes place on the first Thursday of March and aims to encourage a love of reading among children. Yet, amid Covid-19 restrictions and lockdowns, fears have grown for an industry already buffeted by technological change brought in by online behemoths such as Amazon.
However, early data suggests bookshops are weathering the storm better than expected, despite challenging conditions.
“It’s been a very solid year, our customers were very good to us and stayed with us,” said Marie Moser, the owner of Edinburgh Books, an independent store in the Scottish capital. “It’s not been as bad as everybody thought.”
Her sales were up 2 per cent in 2020, a remarkable feat given that her store was forced to close for much of the past 12 months.
The sales surge is down to book lovers committing more time to reading, rather than heightened interest among the general public, she believes.
“I think people who were readers have been reading more. I don't think there’s any question [about that]. But I think it is too hard to tell whether other people who are reluctant readers or non-readers have taken to it.”
Kiera O'Brien, who analyses industry trends for the Bookseller magazine, agrees sales have been robust. While figures have been generally strong over the past five years, they "went through the roof" this year, particularly when big shops reopened in the summer between lockdowns.
An estimated 200 million print books were sold in the UK last year, according to book sales monitor Nielsen BookScan, the highest level since 2012. This means the book market was worth £1.76bn ($2.5bn), up 5.5 per cent from 2019.
Another survey from Nielsen showed 40 per cent of respondents were reading more and 25 per cent of people had bought a book during the first lockdown period.
However, Ms O'Brien said the industry does tend to operate in cycles, seen with phenomena such as Harry Potter and 50 Shades of Grey, but she hopes the positive trend can continue.
"The last few years have been really strong for print books. That might not necessarily carry on, but print books are at a pretty healthy level," she told The National.
New platforms such as Bookshop.org have also helped independent bookshops reach new customers. Since its launch in the UK in November, more than 200,000 new customers have used the service, generating £1 million in profit for bookshops participating in the scheme.
Positioning itself as an ethical alternative to Amazon, customers can buy books from independent bookshops online using a digital storefront.
David Brett, who owns The Word bookshop in south London, says profits generated from sales on the platform have helped keep his business afloat during difficult times.
“It’s a handy tool. We’ve taken quite a big hit on our income. We used to have a lot of students coming through our doors wanting to support us, rather than Amazon,” he said.
As for children's books, it's also been an encouraging year.
Despite 2020 seeing a series of hits published by adult authors such as Richard Osman, Hilary Mantel and Barack Obama, the UK's top selling book of the year was Charlie Macksey's illustrated book The Boy, The Mole, The Fox and The Horse, underlining just how important children's titles remain to booksellers.
“One of the big things about children's writing now is there are truly great children's writers, so it's no longer seen as a poor man's thing, Ms Moser says. “The talent working on children's books is just astounding.”
In true spirit of World Book Day – albeit one forced to migrate online this year – Ms Moser stresses the importance for pupils who may be daunted by the written word and need a bit more encouragement to start reading. Especially during the pandemic.
“I think it's important because it wedges the metaphorical door wider that reading is for everybody.”
Something best-selling authors Emma Gannon, Sarah Turner and Bolu Babalol seem to agree with. They have recently backed a campaign by UK Reads and The World Literacy Foundation to help improve literacy among poorer children who have fallen behind in reading due to the coronavirus pandemic.
As for the future of the industry, Ms Moser is ready to see what the next chapter brings, but is optimistic.
“I think we'll be fine. As I say, I think the book industry is managing to hang on. I've always taken the view in business, you can't assume every year is [going to be] a bed of roses.”
First Person
Richard Flanagan
Chatto & Windus
Company%20profile
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Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
THE SPECS
Engine: 1.5-litre, four-cylinder turbo
Transmission: seven-speed dual clutch automatic
Power: 169bhp
Torque: 250Nm
Price: Dh54,500
On sale: now
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What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
Match info
Uefa Champions League Group B
Tottenham Hotspur 1 (Eriksen 80')
Inter Milan 0
The%20specs
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ENGLAND SQUAD
Goalkeepers: Jack Butland, Jordan Pickford, Nick Pope
Defenders: John Stones, Harry Maguire, Phil Jones, Kyle Walker, Kieran Trippier, Gary Cahill, Ashley Young, Danny Rose, Trent Alexander-Arnold
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Forwards: Harry Kane, Jamie Vardy, Marcus Rashford, Danny Welbeck
In numbers
1,000 tonnes of waste collected daily:
- 800 tonnes converted into alternative fuel
- 150 tonnes to landfill
- 50 tonnes sold as scrap metal
800 tonnes of RDF replaces 500 tonnes of coal
Two conveyor lines treat more than 350,000 tonnes of waste per year
25 staff on site
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
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4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
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6. Further transfer pricing enforcement
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7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
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What is a black hole?
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UAE currency: the story behind the money in your pockets
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Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
The Bio
Amal likes watching Japanese animation movies and Manga - her favourite is The Ancient Magus Bride
She is the eldest of 11 children, and has four brothers and six sisters.
Her dream is to meet with all of her friends online from around the world who supported her work throughout the years
Her favourite meal is pizza and stuffed vine leaves
She ams to improve her English and learn Japanese, which many animated programmes originate in
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