Source: Fortune.com
Summary
Contrary to popular belief, independent bookstores are not disappearing. According to the American Booksellers Association, membership has grown by over 500 in the past year, with 3,417 stores (at 3,783 locations) – nearly triple the number from a decade ago. New stores are opening, including mobile and pop-up shops, and many reflect the current boom in romance and fantasy books. Independent bookselling is a meeting ground for idealists, with owners seeking to realign their lives with their values.
Our Reading
The numbers tell one story.
Independent bookstores are expanding, with 500 new members joining the American Booksellers Association in the past year. The surge includes stores of various kinds, from general interest shops to mobile and pop-up stores. Many new members reflect the current boom in romance and fantasy books. Despite high costs and budget cuts, independent owners are finding ways to adapt and thrive. Meanwhile, Barnes & Noble is expanding again, adding over 100 stores in the past two years, raising concerns among independent owners.
It’s a precarious balance between idealism and business reality.
Author: Evan Null
