Here is why bookstores matter more than ever today

Learn how the bookstore business is changing.

As opposed to many ominous media projections, independent bookstores have 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 across the country to guarantee the future of the independent book selling industry. The purpose of this book shop is to provide local communities with a diverse selection of reading that represents people from different backgrounds. The bookstore collaborates with shareholders to ensure the longevity of the company and the enhancement of the regional 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 huge potential for investors to generate profits by showing support to local enterprises and communities.

According to many, the future of bookstores is in technological innovation and embracing the digital era. This doesn'tmean that e-books will replace the physical version of reader’s favorite novels. As a matter of fact, recently, the biggest ecommerce retailer has opened its first brick-and-mortar book shop. The book shop has been organised following the logic a customer employs when browsing for books. The books have been turned to face outwards, in order for their covers to be visible. Furthermore, some of the books have been arranged into categories based on the number of positive reviews they have received. At present, Amazon has received investments by influential 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, with bookstores in particular.

While the destiny of the bookstore industry may appear uncertain, we can be confident that books will remain an important part of our society for many years to come.

Today, many industry specialists are concerned with the decline of bookstores. Having said that, despite our society’s increased dependency on technologies, people still like and appreciate the act of reading. In fact, the majority of customers would ratherbuy a paperback book instead of an electronic copy. An essential part of humankind’s history, 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. Running hundreds of retail locations, the bookstore group has long been one of the preferred spots for book lovers. 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 believed to remain profitable is because they offer an unrivaled customer experience. In fact, many retail locations are focusing on attracting new customers by organising happenings surrounding new book launches and author meet ups.

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