Thursday, July 4, 2024

The demise of Booktopia

Yesterday (Wednesday), it was announced that Booktopia would enter voluntary administration. The company cited unprofitability in recent years and an inability to obtain funding to keep the business afloat.

The demise of Booktopia will have its consequences if it does go into liquidation (stops trading). School libraries such as mine do order through Booktopia because of the competitive prices relative to other booksellers, either bricks or mortar or online. This means that the cost of purchasing books will increase. It will limit the ability of school libraries to stretch their funds further, given the budgetary pressures that school libraries are accustomed to. 

While Booktopia is still trading, I would recommend that school libraries not purchase from Booktopia until its future is known because if an order is placed, there is no guarantee it will be fulfilled, especially if it's a pre-order or there is a long time frame for delivery. If Booktopia enters liquidation, you may not receive your items and/or be entitled to a refund. 

Even before entering voluntary administration, there were already concerns about the fulfilment of orders, with some yet to receive orders.