From The New York Times:
In a 1936 essay, George Orwell recognized one of the main difficulties of owning an independent bookshop: turning a profit. The bookshop, he wrote, “is one of the few places where you can hang about for a long time without spending any money.” Nearly 80 years on, the business has hardly gotten easier.
More than one-third of the independent bookshops in Britain and Ireland have disappeared in the past decade, unable to compete with large retailers — chiefly Amazon — who use their superior market position to offer deep discounts on printed and digital books.
According to data released last week from the Booksellers Association, which represents independent publishers, the downward trend continued last year, with around 50 bookshops closing, including one of England’s oldest, the Ibis Bookshop in Banstead, Surrey, which was a mainstay on the town’s high street for 78 years. Tim Godfray, the Booksellers Association’s chief executive, said it had been difficult to watch one store close after the next. “The last few years have been really tough,” he added.
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In the United States, independent bookstores have rebounded strongly from the financial crisis, increasing their numbers by 27 percent since 2009, according to data from the American Booksellers Association. The group’s chief executive, Oren Teicher, said American indie bookshops have filled the vacuum left by big box bookstores like Borders (which went out of business in 2011) and Barnes & Noble (which has closed hundreds of stores). They have also capitalized on a spirit of localism and urban renewal that is coursing through some American cities. “The enthusiasm and optimism is pretty staggering,” Mr. Teicher said. “Despite all the quantum leaps in technology, the fact is nothing beats a physical, bricks-and-mortar store to discover books that you didn’t know about.”
Link to the rest at The New York Times