Yes, that's correct as far as I understand. But there's nothing to stop them selling all the other stuff they sell and wait for the inevitable change on books.

Yes, that's correct as far as I understand. But there's nothing to stop them selling all the other stuff they sell and wait for the inevitable change on books. A pile of it comes from China, anyway. They will end up being asked to come - because as it is, the local book industry is collapsing and there won't be anywhere to actually purchase books. The same thing happened with music - there was a push to stop parallel import of CDs which cost about $25 for an album. But iTunes rendered that argument completely meaningless anyway. I have one local bookstore left in my area but it appears to be existing on lots of big tables full of discounted merchandise sitting outside. The range is woeful and the prices are criminal. I doubt they'll be there in another 12 months.