Bookstores Remain Popular Gathering Spots
Take a look around your community and you’ll see that the retail landscape has changed over time. Shops and restaurants go in and out of business as tastes and buying habits change or the cost of doing business escalates. Neighborhood demographics shift, business owners retire, and new concepts emerge. When change is such a constant, it’s surprising to see the same businesses remain at the top of the list of what people most want in their communities: coffee shops, bakeries, and bookstores.
The internet may have come to dominate much of our lives, but there’s still a demand for places to gather and connect with other people. High tech simply cannot satisfy some of our needs for high touch.
During last week’s workshop, Owning a Bookstore: The Business Essentials, eighteen entrepreneurs from four countries gathered to discuss trends, develop competitive advantages, learn the book industry’s metrics and best practices, and chart a course for owning a bricks-and-mortar bookstore in the age of technology. While some still used their gadgets to take notes or check messages, the conversation throughout the week kept coming back to the hunger for a sense of place, a healthy environment to learn and grow and gather, the satisfaction from holding a book and turning its pages, and an appreciation for the many ways in which locally owned businesses contribute to their communities.
The growth of e-book sales has slowed and will eventually plateau. Rather than replace books in print, e-readers have simply offered yet one more option for ways to read. E-books have certainly added some turmoil to the book industry and the bookstore business, but by no means will they lead to its demise. While electronic reading represents a little over 20 percent of sales, printed books command the overwhelming share of industry sales.
Format alone does not define a bookstore that sees its mission as far greater than selling books as commodities. A bookstore can be so much more than a place to buy books: a place where we can escape from the hustle and bustle of our daily lives, find comfort and peace, stimulate our minds, stretch our understanding of ourselves and the world, connect with others, create community, and contribute to a sustainable local economy. More than ever, there’s a need for high touch in this world of high tech.