Learn more about how is the bookstore business model changing

Learn more about the changes happening in the bookstore retail sector currently.

As opposed to countless ominous media projections, independent bookstores have actually been on the rise. Over the past two years, the number of independent bookstores has grown significantly. An individual we can look at to comprehend the most well-received independents is the owner of Loyalty Bookstores in Washington, a long-time bookseller who is working across the country to guarantee the longevity of the independent book selling industry. The main aim of this book shop is to supply local communities with a diverse selection of reading that represents people from various backgrounds. The bookstore works closely with investors to ensure the longevity of the business and the enhancement of the local community. According to the latest bookstore industry statistics, there are over 2000 independent bookstores in the US. This suggests that there is a tremendous potential for investors to acquire profits by showing support to local enterprises and communities.

Currently, a large number of business specialists are worried about the decline of bookstores. However, despite our world’s increased dependency on technology, people still love and appreciate the act of reading. In fact, the majority of consumers prefer to purchase a real book instead of an electronic copy. An important element of mankind’s past, books will never go out of fashion. Because of that, the founder of one of the largest hedge funds in the world has invested in the bookseller Waterstones. Operating hundreds of stores, the bookstore chain has long been among the most popular spots for people who love reading. Because of its popularity, the retailer has managed to remain profitable despite the relentless competition from the newly-emerged online book stores. The reason why physical bookstores are expected to remain profitable is because they offer an unrivaled customer experience. In fact, many retail locations are concentrating on appealing to more clients by organising happenings surrounding new book releases and author meet ups.

Many believe that the future of bookstores is in innovation and embracing the digital age. This does not mean that digital books will replace the physical version of people’s favorite novels. In fact, just recently, the biggest ecommerce retailer opened its first brick-and-mortar book shop. The bookstore has been organised following the logic a customer uses when browsing for books. The books have been turned to face outwards, so that their covers are clearly visible. Furthermore, most of the books have been arranged into different categories according to the number of positive reviews they have received. At present, Amazon has acquired investments by powerful individuals, such as the Harvard graduate who is also the founder of a marketing consultancy. Today, the company has the financial capacity to entirely modify the brick-and-mortar retail industry, with bookstores in particular.

While the destiny of the bookselling industry may seem uncertain, we are confident that books will continue to be an integral part of our society for many years to come.

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