Fiction Sales Plummet?

“International demand for English-language literary fiction has gone seriously south. Although hard numbers for the fall season won’t be available until January, the anecdotal evidence is not encouraging. Agents and retailers are complaining that sales for new fiction are soft, that orders for reprints and back-listed books are down, and that publishing houses from Berlin to Boston are becoming choosier about what novels they buy, when they are willing to buy them, and what they are willing to pay.”