Ah, the Malaysian love of abbreviation!
But independent bookseller Raman won't be selling the latest Harry Potter he says, and who can blame him:
With the big stores all offering a 20% discount on the book we had to follow suit. The operating cost of an average bookstore is approximately 20%. And after we gave away another 20% in discount, we were actually selling the book at a substantial loss. Why do that? (In the US and UK the discount was 50%. Go figure. The book industry is bizarre. Bookstores, especially the mega ones, have been defying gravity for far too long. The music industry does not sell newly released, best-selling CDs at 50% discount, does it? No wonder Borders is losing money, and has to pull out of UK.)Bookshops in the UK are in a lot of trouble these days with supermarkets buying in bulk and undercutting them. In Malaysia we may be the beneficiaries as yesterdays' pile-'em-high-and-sell -'em-cheap best-sellers are shipped here by the container load to create a crisis for the established bookshops here.