In case you are interested in the bookselling industry, then this short article is the right one for you.
Many believe that the future of bookstores is in innovation and embracing the digital age. This doesn'tmean that digital books are going to become a substitute for the physical version of reader’s favorite novels. As a matter of fact, recently, the largest online retailer opened its first brick-and-mortar book shop. The book shop has been organised following the logic a client employs when browsing for books. The books have been turned to face outwards, so that their covers are clearly visible. Additionally, some of the titles have been grouped into different categories according to the amount of positive reviews they have received. Currently, Amazon has acquired investments by powerful individuals, such as the Harvard graduate who is the founder of a marketing consultancy. At the moment, the company possesses the financial capacity to entirely transform the brick-and-mortar retail industry, including bookstores.
As opposed to countless ominous media predictions, independent bookstores have actually been prospering. Over the past two years, the number of new independent bookstores has increased significantly. An individual we can look at to comprehend the most successful independents is the owner of Loyalty Bookstores in Washington, a long-time bookseller who is working nationally to guarantee the longevity of the independent book selling industry. The aim of this book shop is to provide local communities with a diverse range of literature that represents people from different backgrounds. The bookstore works closely with shareholders to ensure the durability of the business and the improvement of the local community. According to the latest bookstore industry statistics, there are more than 2000 independent bookstores in the United States. This suggests that there is a tremendous potential for investors to generate profit by supporting local enterprises and communities.
Currently, many business experts are worried about the decline of bookstores. Having said that, regardless of our world’s increased reliance on technology, consumers still like and appreciate the act of reading. As a matter of fact, the majority of customers would ratherpurchase a real book rather than an e-book. An essential part of mankind’s history, books will never go out of fashion. 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 chain has long been one of the preferred destinations for book lovers. As a result of its status, the retailer has remained profitable despite facing competition from the modern digital book stores. The reason why physical book shops are expected to remain profitable is because they offer an unparalleled consumer experience. Actually, a large number of retail locations are focusing on appealing to more customers by holding events surrounding new book releases and author meet ups.
While the destiny of the bookselling industry may seem unclear, we are confident that books will continue to be an essential part of our society for many years onwards.