Steimatzky Announces Price Cuts for Hebrew Book Week, Publishers Say They Won’t Join

Embattled Israeli bookstore chain asked publishing houses for deep discounts so it can run a sale.

The Steimatzky bookstore chain is once again in a war with publishers, after announcing a “buy one book, get two free” sale starting Wednesday for Hebrew Book Week in June. In order to hold the sale, Steimatzky has asked Israeli publishers for a discount of at least 78%, but TheMarker has learned that many publishers, including Modan, Yedioth Books and Am Oved, do not intend...