Raven ClassicsAugust 21
8 MacCurtain Street
Account Number: 209473910
Raven Classics is excited to introduce the terms of a new payment plan for bookstores. As you know, under our old payment plan, we supplied titles to bookstores at 60 percent of their list price, and payment was required before the product was shipped.
This option will still be available to those who prefer it. However, in an effort to support independent businesses, we have come up with a second option. Under this alternate plan, booksellers will be shipped titles on credit and can hold them for up to six months. If the titles are sold during that time, the bookseller must pay us 80 percent of the list price. If the titles are not sold, they can be returned, and no charge will be incurred. This plan is only available to merchants who, like yourself, have ordered from us in the past. We hope this will enable lower-volume establishments to stock a wider range of our books at less financial risk to themselves.
Of course, participants in either program will still receive our monthly newsletter and promotional posters for optional in-store display.
Due to preexisting agreements with the larger chains, the second option will not be available for titles published in the last three months. After three months, these newer titles will subsequently become eligible for both plans. We will continue to provide free shipping from our warehouse to stores, but we regret that we are not able to cover the costs of return shipments.