Learn more about the changes within the bookstore retail sector today.
Contrary to countless ominous media predictions, independent bookstores have actually been on the rise. Over the previous two years, the number of independent booksellers has grown noticeably. An individual we can look at to understand the most well-received independents is the owner of Loyalty Bookstores in Washington, a long-time bookseller who is working nationally to guarantee the future of the independent book selling industry. The aim of this bookstore is to supply local communities with a diverse selection of literature that represents people from different backgrounds. The bookstore collaborates with shareholders to ensure the durability of the company and the enhancement of the regional community. As per the most recent bookstore industry statistics, there are more than 2000 independent bookstores in the United States. This means that there is a huge potential for investors to generate profit by showing support to local businesses and communities.
According to many, the future of bookstores is in innovation and embracing the digital age. This doesn'tmean that e-books will replace the physical version of reader’s favorite novels. In fact, recently, the biggest online retailer opened its first brick-and-mortar bookstore. The bookstore has been arranged following the logic a client employs when browsing for books. The books have been flipped to face outwards, so that their covers are clearly visible. Furthermore, most of the titles have been arranged into different categories based on the amount of positive reviews they have received. At present, Amazon has received investments by powerful individuals, such as the Harvard graduate who is also the founder of a marketing consultancy. At the moment, the corporation possesses the financial capacity to entirely transform the brick-and-mortar retail industry, with bookstores in particular.
While the destiny of the bookstore sector may appear uncertain, we can be confident that books will continue to be an essential part of our society for many years onwards.
Currently, a large number of industry specialists are worried about the decline of bookstores. Having said that, regardless of our world’s increased dependency on technologies, people still love and enjoy reading books. In fact, almost all customers would ratherpurchase a paperback book instead of an e-book. An essential part of mankind’s past, books will never go out of style. For that reason, the founder of one of the largest hedge funds in the world has invested in the bookseller Waterstones. Operating hundreds of stores, the bookstore group has long been one of the most popular spots for people who love reading. As a result of its popularity, the retailer has managed to remain lucrative despite facing competition from the newly-emerged online booksellers. The reason why physical bookstores are expected to remain successful is because they offer an unparalleled consumer experience. In fact, a large number of book sellers are concentrating on attracting more clients by organising happenings surrounding new book launches and author meet ups.