Today’s reader can “curl up with a good book” in a variety of non-traditional ways -- library books, e-books, or books bought online. All these choices, however, threaten the health of traditional brick-and-mortar book retailers.
The Mintel research firm (http://www.mintel.com) says that e-book options like the iPad and Kindle, the popularity of Amazon.com and even local libraries pose significant threats to traditional book retailers. Online book sites have cornered a significant slice of the market share that once belonged to traditional bookstores from 2007-2009, as they enjoyed a 7% increase in sales at the same time traditional retailers were hit with an almost 10% decrease. This disparity further suggests that bookstore owners must act quickly if they want to maintain the upper hand on the book retail market.
“The lower costs of ordering through the Internet, either for physical books or e-books,...| Read more »