The link below is to an article that considers the physical bookshop in the digital age.
The link below is to an article that looks at 10 of the most famous bookshops in the world.
The link below is to an article that looks at ebook lending and bookshops – does ebook lending impact on book sales?
In a business environment that has seen industries decimated by the rise of digital, one sector showing resilience is that of books.
“Books are not like recorded music,” says Shaun Symonds, general manager of Nielsen Bookscan.
If anything, the total global market for books is growing, as confirmed in research by PwC and others:
If you adjust for the effects of the closure of major book chains such as Borders there is in fact only one or two years of decline in sales volume over the last decade in most major markets. Every other year including the most recent year’s figures reflect a modest year-on-year growth in total books (including eBooks) sold on the year before.
That’s not to say there’s not been significant disruption and consolidation in the industry. A large part of the highest-value highest-margin segments of the business such as hardback fiction are steadily migrating to eBook and online fulfilment. And of course the rise of online pure-play booksellers such as Amazon, Flipcart and The Book Depository has meant a new level of global competition for local independent bookstores and chains alike.
The migration to eBooks has meant the total dollar value of books sold has declined but the profitibility of some publishers has actually increased as they’ve removed a lot of their printing, wharehousing and distribution costs. A growing source of the industries profits are from eBooks at analysis by Bain shows.
On the retail front while some bookshops have not managed to survive this last decade, many have held on. And some are thriving and flourishing – delighting their customers in ways only they know how. And being remembered for it.
In an economy increasingly governed by attention, the need for companies and retailers to have their brands recognised and remembered has never been greater. Being forgotten is one of the greatest clear and present dangers in the global, web-connected and digital economy.
Using web data it’s possible to measure the collective visibility of today’s leading bookstores from around the world.
Towards a global Top 40
Novelist & co-creator of kids TV series Hi-5 Posie Graeme-Evans recently wrote about her Top 10 Favourite Bookstores.
What if you could find out who everyone’s favourite bookstores were, around the world? And what if this list included all the legendary independent stores like Shakespeare and Company in Paris, as well as online bookstores like Amazon and bookstore chains like Waterstones, Barnes & Nobles and Dymocks. Using large scale data collections from the web, I set about doing this.
The Top 40 Bookstores list is based on how many people think about these stores and how often.
Perhaps not surprisingly online stores lead the list with Amazon.com followed by the online goliath Flipkart of India just ahead of the world’s largest bookstore chain Barnes & Noble. France’s giant cultural and electronics retailing chain Fnac is fourth with the UK’s largest bookstore chain Waterstones rounding out the top five.
What may come as a surprise is leading independent single stores or small chains including Shakespeare and Company (Paris); Powells (Portland) and City Lights (San Francisco) all feature in the top 20.
Here is the list in full:
|World’s Top Bookstores 2015|
|3||Barnes & Noble||@BNBuzz||US|
|6||The Book Depository||@bookdepository||UK|
|8||Shakespeare and Company||@Shakespeare_Co||France|
|15||City Lights Bookstore||@CityLightsBooks||US|
|17||National Book Store||@nbsalert||The Phillipines|
|27||Half Price Books||@halfpricebooks||US|
|35||Harvard/MIT Cooperative Society||@harvardcoop||US|
|36||Eason & Son||@easons||Ireland|
|39||Kyobo Book Centre||@withKyoboBook||Korea|
|Ranked by Bookstore Mind Share 1.01; Paul X McCarthy, June 2015.|
To create the Top 40 I created a “Bookstore Mind Share” (BMS index) derived from web data such as global visits to each bookseller’s Wikipedia page. This approach is a proxy for popularity or notoriety. I then standardised the results to allow comparisons across categories and across the world. As the BMS is based on the English-language web it is mainly representative of English-language countries and English-language bookstores but interestingly still includes bookstores in Korea and Brazil.
By using a standard measures across global web platforms like Wikipedia traffic data, Google Books N-Gram and Google search term frequency you can create interesting and fascinating comparisons that span across time and geography.
Another example of this type of web data use is the MIT Media Lab’s Pantheon project where you can browse rankings of many people across history from ancient times to today including:
The most popular soccer players of all time
(#1 Pelé, #2 Beckenbauer & #3 Garrincha)
The most famous people ever born in Ireland
(#1 Oscar Wilde; #2 James Joyce and #3 Samuel Beckett)
The most famous people born in the UK in the 1960s
(#1 Diana, Prince of Wales; #2 Hugh Grant and #3 J. K. Rowling)
This is an experimental data project and I would encourage readers to comment or make suggestions for improvements or additions.
Rumor has it J. K. Rowling was inspired by Livraria Lello while writing Harry Potter (and teaching English) in Portugal. It doesn’t take long to appreciate Lello’s potential as muse: a stained-glass atrium puts the spotlight on the bookshop’s deep-red staircase, spectacular enough to stop you in your tracks.
It’s one of the distinctive bookstores that—against industry odds—continue to thrive across the globe. For travelers, these shops go beyond well-curated selections of books: they pack in an abundance of beauty, quirky character, and local history within their walls. And they serve as community hubs, where you can tap into the creative pulse of a destination.
In Paris, the romance between Left Bank fixture Shakespeare & Co. and the city’s literary set dates back to the era of F. Scott Fitzgerald and Ernest Hemingway. And it continues to attract luminaries like Zadie Smith, who recently read to a packed house.
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The link below is to an article that looks at why booksellers are closing down in New York City and I think the article provides some perspective to the debate about bookstore closures. It is all too easy to blame Amazon, online sales, etc – but there are other forces at play. Bookstores need to have a good look at their business model before they blame the easier targets for their demise.
In this age of online ordering, physical bookstores aren’t getting all the love and attention they deserve. But you know that already. So before you head out to your local bookseller to pick up the latest new thing, perhaps you would like to indulge in some literary nostalgia and appease your book-beauty tooth (you know you’ve got one) with these lovely old photos of old bookstores (in some of which you could, at one time, find old books). And all right, not all are complete bygones — some, improbably, wonderfully, are still standing — but they don’t look quite like this anymore, and so the vintage-photo-ogling endures. After the jump, check out a selection of lovely vintage photos of old bookstores, and be sure to link to any of your favorites that are missing here in the comments.
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The link below is to an article about ‘updating’ used bookstores/bookshops.
The link below is to an article that considers an end to books and bookstores.