Online Bookselling Affecting Traditional Bookstores
It appears more and more people are adopting the Internet as their primary method for acquiring books. “Publishers Weekly” has reported: “Bookstore sales continued their perfect record in 2007 in May, falling for the fifth consecutive month. According to the U.S. Census Bureau, sales in May were down 4.3%, to $1.10 billion, and were off by the same percentage for the first five months of the year. Bookstore sales totaled $6.20 billion in the January through May period. For the entire retail segment, sales were up 5.6% in May and were ahead 4.1% for the first five months of 2007.”
Michael S. Hyatt of Thomas Nelson Publishers has an excellent article covering some of the impact factors affecting brick and mortar bookstore sales, including online booksellers.
