Skip to main content

The Lost World of Book stores


This article in Mint made me think of the dying trade of bookstores, which as a bibliophile pains me.  Independent book stores have been downing shutters for a few years now - Borders the iconic bookstore chain - its Oxford street store was a landmark (even tourist attraction for Bibliophile Asians like me where I have spent couple of Sundays just reading) - shut shop in 2009; Fact & Fiction a similar iconic store in Delhi shut shop recently.

Some non-bibliophiles wonder why are bookstores needed when you can buy any book online much cheaper? Well, (at the risk of sounding politically incorrect) any woman would tell you why - the pleasures of Window shopping! Yes indeed - for bibliophiles, bookstores offer the same pleasures of serendipity - discovering a new book in a completely different genre or chancing up on an old book from your favourite author which you didn't know about.

There are other benefits - especially with bookstores with liberal policies for browsing books - you can read from the first chapter up to even half a book in the store, sitting there for a few hours before you decide you want to buy the book. In fact, the more 'mature' the book store, the more liberal the browsing policy. Many bookstores have stools, benches or even couches in the isle so that people sit and browse books, many have alcoves converted into coffee shops where you could sip a cup while reading a book (even without buying it).

Bookshops have also served as places of meeting like minded people, as this article puts it - "A section of the political circle often hangs out at The Bookshop... The Bookshop has the vibe of a global village.... Fact & Fiction's Ajit Vikram Singh, frequented KD’s Jor Bagh store as a college boy. 'I wanted to open a bookshop just like KD’s.... It was there that I first met writers like Tom Robbins, Kurt Vonnegut and Jerzy Kosinski.' " There is a theory that the rise of bookstores along with coffeehouses contributed to the Age of Enlightenment aka Renaissance.

In essence, the bookstore has several reasons to exist, apart from just 'selling' books, which is the one need online retailers service much better. To be fair, some online retailers have tried to replicate part of the book store experience by allowing buyers to browse books before buying them; some new age publishers and authors also release the first few chapters of books free prior to the book release.

However, these attempts have failed to create the same effect and romance in minds of bibliophiles who still love their already dwindling book stores. So what is the way out? How should bookstores cope up with the challenge of rising property prices (rents), lowering margins, even dying of physical books (and rise of eReaders)?

Read on to Part II

Comments

Popular posts from this blog

How will travel industry transform post-Covid

Unlike philosophers, journalists and teenagers, the world of entrepreneurship does not permit the luxury of gazing into a crystal ball to predict the future. An entrepreneur’s world is instead made of MVPs (Minimum Viable Product), A/B Tests, launching products, features or services and gauging / measuring their reception in the market to arrive at verifiable truths which can drive the business forward. Which is why I have never written about my musings or hypothesis about travel industry – we usually either seek customer feedback or launch an MVPised version and gather market feedback. However, with Covid-19 travel bans across the globe, the industry is currently stuck – while a lot of industry reports and journalistic conjectures are out, there’s no definitive answer to the way forward. Besides there is no way to test your hypothesis since even the traveller does not know what they will do when skies open. So, I decided to don my blogger hat and take the luxury of crystal gazing

A Guide to Privacy on Social Media [apps]

The recent announcement by WhatsApp to update its privacy terms - and 'accept or leave the app' stance - led to an exodus of users from Whastapp to competing, privacy-conscious apps such as Telegram or Signal. A week after the exodus began, Whatsapp clarified its stance - and WhatsApp's CEO went about providing a long Twitter clarification . And then, many returned, many who considered moving stayed put on Whatsapp. This post is meant for those who are still sitting on the fence - it clarifies questions like: What is this all about? What do I do? Is Whatsapp safe? I've heard Telegram is Russian - so how is it safer than Whatsapp? I can't move because my business contacts are on Whastapp - how do I secure myself? PS: I've modeled this post based on several conversations I've had with friends and family on this subject, dealing with the chain of questions they ask, then objections they raise, then clarifications they seek - and finally the change resistance

Learning from 11 years in KPMG

It is only when we give up what we have is when we can embrace the new! I quit my job at KPMG one year ago - 22 January 2016 was my last day with the firm. As I reflect back on that day, it felt more like a graduation day! The eerie mix of nostalgia, excitement, anxiety and blues of missing your friends. KPMG was not just my first job but also a place where I learnt everything that I represent professionally. KPMG is one of the institutions I deeply respect and love – and relationships I have built here will stay with me for my lifetime. In my entrepreneurial career as well, I am often reminded more of all the great things I have learnt over my 11 years in KPMG. An year gone by, I realize these learnings have stayed with me and apply equally to the world outside KPMG. Almost all would apply to those working in role of (internal or external) consultants but several are generic and can be applied across professions. I have tried to change the text so that the learnings sound