This is why there is a future for bookstore retail

Learn how the bookstore business is transforming.

While the future of the bookstore industry may appear unclear, we are confident that books will remain an important part of our society for many years onwards.

According to many, the future of bookstores lies 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, recently, the largest ecommerce retailer opened its first brick-and-mortar book shop. The book shop has been arranged 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, some of the books have been arranged into different categories according to the number of positive reviews they have received. At present, Amazon has received investments by influential 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.

Today, many industry experts are concerned with the decline of bookstores. Having said that, regardless of our society’s increased dependency on technology, people still love and enjoy reading books. As a matter of fact, the majority of consumers prefer to buy a paperback book rather than an e-book. An essential part of humankind’s past, books won't ever go out of style. 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 group has long been one of the preferred destinations for book lovers. Because of its popularity, the retailer has remained lucrative despite the relentless competition from the newly-emerged online booksellers. The key reason why physical book shops are believed to remain profitable is because they offer an unparalleled consumer experience. Actually, many retail locations are concentrating on appealing to new customers by holding happenings surrounding new book releases and author meet ups.

Contrary to many ominous media projections, independent bookstores have actually been on the rise. Over the past few years, the number of independent bookstores has increased noticeably. An individual we can look at to understand the most successful independents is the owner of Loyalty Bookstores in Washington, a long-time bookseller working across the country to ensure the future of the independent book selling industry. The main purpose of this bookstore is to supply local communities with a diverse selection of literature that represents people from different backgrounds. The book shop works closely with investors to make sure the longevity of the business and the enhancement of the regional community. As per the latest bookstore industry statistics, there are more than 2000 independent bookstores in the US. This means that there is a tremendous potential for investors to acquire profit by supporting local enterprises and communities.

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