aprilhenry (aprilhenry) wrote,
aprilhenry
aprilhenry

Financial expert looks ahead and hopes there's still a place for independent bookstores

Writing for the Wall Street Journal, financial expert James Steward says "How did Barnes & Noble fall so far so fast? The giant bookstore chain, whose superstores once struck fear into the hearts of independent booksellers everywhere, put itself up for sale this month, rendering it the corporate equivalent of the remaindered books it sells at a discount."

He talks about the growth of ebooks and says, "I can't say I miss physical books. My shelves are already groaning and can't accommodate any more. I do miss the bookstore I grew up with in the Midwest and the small stores that once dotted my neighborhood. Could B&N's decline pave the way for the return of the independent bookseller?Despite the array of suggestions tailored to my interests (or at least to my recent purchases) that appear when I open the Amazon site, I still yearn for someone intelligent who can recommend a good book. I enjoy the community of other people who love books. I like talking to someone both before buying a book and after reading it. I think independent bookstores may be able to provide these services even while selling over the Internet. Their overhead should be lower, since they don't need to carry huge inventories of physical books and don't need huge retail spaces. Maybe I'm naive, but I'd like to think there are new opportunities for booksellers."

Read more here.



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