Ideal Anchors for Community Development
What a fascinating time … and how refreshing it is to see ‘Local’ become fashionable. From Sarasota, FL to Rapid City, SD and Nantucket, MA to Bainbridge Island, WA, ‘Shop Local’ initiatives are moving full steam ahead, where residents want fewer national chains and more local flavor.
Was this predictable? Maybe in part. The last three decades brought us a deluge of stores and shopping centers that began to look the same. Perfectly coiffed with the same merchandise, their appeal didn’t have staying power. When the economy softened, corporate decisions, meant to preserve profits and shareholder investments, resulted in dark storefronts all across the country.
And who survived? The tenacious, spirited indie retailers — yes, the “Mom & Pop” stores. Not only have they weathered economic ups and downs (most recently created by the temporary deep discounting offered by the chains when they first moved to town), owners of independent businesses held on because their entire livelihood was on the line. Their commitment to community reached far beyond hitting profit targets – they were in it for the long haul.
Now that hundreds of communities are without bookstores — some driven out by the proliferation of Wall Street financed chains, and now Borders stores closing as a result of the ongoing mismanagement of the revolving executives who ran the company — there are openings for new anchors on Main Street and in retail developments from coast to coast. An independent bookstore is a wise choice to fill an opening, especially if the objective is to draw an upscale demographic.
While some would have us believe that e-books are rendering bookstores obsolete, brick-and-mortar bookstores are still relevant and here’s why. Printed books account for 85% of book sales and research now shows that those who read e-books still value — and buy — printed books. Bookstores are considered gathering places and symbolize an educated community that values learning as a lifelong endeavor. Also, people who read want to know what to read next. Independent booksellers have long been recognized for their genuine passion for books, honesty in making recommendations, and their ability to help publishers launch new writers. In most redevelopment polls, people say they most want a bookstore in their community — and will support it.
To developers and landlords, we suggest you look beyond the media’s obsession with technology to see the opportunities in your own backyard. An indie bookstore will draw the right demographic, hold a long-term commitment to the area, and will contribute to the well-being of the community.
As consumers become more and more mindful that a ‘Local’ focus helps their community, the momentum is continuing to build. To ensure that developments gain (rather than lose) appeal, you need look no further than an indie bookstore. It may require some investment and accommodation on the developer or landlord’s part to get a bookstore open for business, but its presence will generate ongoing tangible results.