Remaindered book

Remaindered books are books that are no longer selling well and whose remaining unsold copies are being liquidated by the publisher at greatly reduced prices. While the publisher takes a loss on the sales of these books, they're able to make some money off the sale and clear out space in the warehouses. cite news | first=Roger | last=Cohen | coauthors= | title=Book Notes | date=1991-08-07 | publisher= | url =http://query.nytimes.com/gst/fullpage.html?res=9D0CE1DF173DF934A3575BC0A967958260 | work =The New York Times | pages = | accessdate = 2008-01-29 | language = ]

Copies of remaindered books are marked by the publisher, distributor or bookseller, to prevent them from being returned. "Remainder marks" have varied over the years, but today most remainders are marked with a stroke with a felt-tipped marker across the top or bottom of the book's pages, near the spine. This practice is rare in the UK (where the Sale of Goods Act 1979 protects the purchaser's right to return goods that are not "of merchantable quality", "as described" or "fit for intended purpose") compared with the United States.

Only hardcovers and trade paperbacks (paperback books, often larger than "pocket" paperbacks, sold "to the trade" or directly to sales outlets) are typically remaindered. Mass market paperbacks ("pocket" paperback books sold through a third-party distributor) usually become stripped books rather than remaindered books. A book that might retail for $20 will typically be purchased by someone specializing in remainders for $1 and resold for approximately $5.

Since the Thor Power Tool Company v. Commissioner of Internal Revenue decision of 1979 in the United States and its adverse effects on the keeping of inventories for several years, books in that country have been remaindered much earlier than before and in greater numbers than previously, changing completely the nature of the book trade. Since that 1979 decision, the number of unsold books which have simply been destroyed (by being burned or recycled into paper or cardboard) instead of being sold at a large reduction has also risen greatly.

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