If you are interested in the bookselling industry, then this article is for you.
Many believe that the future of bookstores is in innovation and embracing the digital age. This doesn'timply that digital books are going to become a substitute for the physical version of people’s favorite novels. In fact, just recently, the biggest online retailer has opened its first brick-and-mortar book shop. The book shop has been organised according to the logic a client uses when shopping for books. The books have been flipped to face outwards, so that their covers are clearly visible. Furthermore, most of the titles have been grouped into different categories according to the amount of positive reviews they have received. At present, Amazon has acquired investments by influential businessmen, such as the Harvard graduate who is the founder of a marketing consultancy. Today, the company has the financial abilities to completely modify the brick-and-mortar retail industry, including bookstores.
Contrary to countless ominous media predictions, independent bookstores have been prospering. Over the past two years, the number of independent booksellers has increased significantly. A figure 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 across the country to ensure the future of the independent book selling industry. The purpose of this book shop is to provide local communities with a diverse range of reading that represents people from various backgrounds. The book shop collaborates with investors to make sure the durability of the business and the improvement of the local community. As per the most recent bookstore industry statistics, there are over 2000 independent bookstores in the United States. This suggests that there is a huge potential for investors to generate profits by supporting local enterprises and communities.
Today, many business experts are concerned with the decline of bookstores. However, despite our society’s increased dependency on technology, people still like and appreciate reading books. In fact, the majority of customers would ratherpurchase a real book instead of an e-book. An essential part of mankind’s history, books won't ever 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. Running hundreds of stores, the bookstore group has long been among the preferred destinations for book lovers. As a result of its popularity, the retailer has remained profitable despite the relentless competition from the modern online book stores. The key reason why physical bookstores are expected to remain successful is because they offer an unparalleled customer experience. In fact, a large number of book sellers are focusing on appealing to new customers by organising events surrounding new book releases and author meet ups.
While the future of the bookselling industry may appear uncertain, we can be confident that books will continue to be an essential part of our society for many years to come.