Brief Excerpt from Industry Overview Chapter:
Companies in this industry sell books from physical retail locations; they may also sell via websites. Major companies include Barnes & Noble, Books-A-Million, and Follett (all based in the US), as well as Fnac Darty (France), Indigo Books & Music (Canada), Kinokuniya (Japan), Page One (China), Thalia (Germany), and Waterstones and WHSmith (UK).
Amid competition from online retailers and mass merchandisers, sales at US bookstores have declined significantly over the past decade, from about $17 billion in 2007 to just over $10 billion in 2017. Major bookstore chains have been particularly hard-hit. Independent bookstores -- once given up for dead -- are staging a comeback, however. Sales at independent bookstores rose approximately 5% in 2018 over 2017, according to the American Booksellers Association (ABA). The US has more than 2,300 independent bookstores, an increase of about 40% since 2009. The increase in store count follows a 43% plunge between 1995 (the year after Amazon's founding) and 2000, the ABA reports. While book sales may never recover to their pre-internet highs, brick-and-mortar bookstores appear to have a future. Amazon apparently thinks so. The online giant is opening physical Amazon Books locations across the US.
PRODUCTS, OPERATIONS & TECHNOLOGY
The industry is segmented into general, college, and specialty bookstores. General bookstores sell mostly trade books (fiction, nonfiction, adult, children’s); college bookstores, mostly textbooks; and specialty bookstores, mostly religious books. Trade books and textbooks each account for about 30% of...
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