Nook raises prices on Hot Summer Books

Nook raises prices on Hot Summer Books

Nook has raised the prices on the majority of e-book titles it was selling at 99p as part of its "Hot Summer Books" offer.

The online retailer last week began selling a host of frontlist and bestselling titles for just 99p, including Khaled Hosseini's And The Mountains Echoed (Bloomsbury), and Dead Man's Time by Peter James (Pan Macmillan). The prices were quickly matched by Amazon, where they remain at 99p. Hosseini's latest novel, published at the end of May, now tops the Kindle chart.

On Nook, And The Mountains Echoed has risen to a price of £8.75, while Dead Man's Time has risen to £7.79. Only four books remain at 99p, down from a list of dozens, with Hilary Boyd's Thursdays in the Park (Quercus) and Paul Finch's Sacrifice (HarperCollins) still listed as part of the offer.

Booksellers had called the discounting "madness", with Peter Donaldson of Red Lion Books in Colchester describing the promotion as "very short-sighted . . . It's valuing a short-term gain over long-term stability".