Though this possible move, which has not been confirmed by Amazon, could be deemed a threat to existing chains and smaller bookstores, Miriam Sontz, Powell’s Books CEO, sees it as a nod to the physical-bookstore-business model.
“I thought it was a great acknowledgement of something that independent brick-and-mortar stores have known for the past few decades, which is there is something special that occurs at a physical bookstore that is not replicable on the Internet,” Sontz told CNBC’s”Closing Bell” on Friday. “People have tried, and it’s just not the same experience. It doesn’t have the same serendipity. It doesn’t have the same sense of community.”
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She was also doubtful that Amazon would be able to expand successfully, since one Amazon store may be considered a novel concept, but opening 200 of the exact same store is “less exciting.”
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“I think it’s pretty incredible that there is a major online realtor who is making this kind of bid to work in the brick-and-mortar environment,” Sontz said.
Link to the rest at CNBC