March 30, 2006

Tower Records launches online bookstore

The music-store chain Tower Records opened an online bookstore. Tower has been expanding the book and magazine sections in its 89 U.S. stores.

About 500,000 titles will be available through the online store, with Baker & Taylor handling fulfillment. Tower is discounting bestsellers 40 percent, and most other adult hardbacks are discounted from 34 percent to 40 percent off suggested retail.

Tower's online store will charge $2.95 for standard shipping, and buyer must also pay state sales tax. Tower has been struggling for several years as sales of music CDs have declined, and currently the company is up for sale.

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