I have fond memories of bookstores.
As a child I would actively seek out bookstores and when I could go inside of one, I would rush the aisles, taking in the scent of the printed page. There was a magic to it, the colors, the titles, thousands of worlds tucked into shelves, waiting to be opened.
That magic has since gone, or that’s how the market is interpreting this mass controversy of where bookstores are headed in the digital age.
In the current day, everyone has a virtual bookstore in their pocket, no one truly needs the bookstore anymore yet it still survives, at least for now.
In 2014, electronic book sales rose to $11 billion dollars while Barnes & Nobles bookstores stagnated and fell off to $4 billion dollars.
That was in 2014.
In January 2017, sales at physical bookstores went down 1.9 percent according to a study by American Booksellers Association.
So where is the book business heading?
It is likely that bookstores will be around for a long time, the decrease in sales is a slow one but even so, it is an apocalypse for booksellers, just waiting to happen.
One day, bookstores will likely become antique shops to a medium foregone by digital media such as e-books and audio-books.
Imagine having to travel an hour to the only bookstore in New York and wandering in, to only find stacks upon stacks of unorganized and fairly expensive books, marketed not as books, but as antiques.
With companies adopting subscription models with promise of deliverance near unlimited books or audio, it is going to be hard to compete.
Luckily for Barnes & Noble, it still has its Nook series and plenty of online e-book presence in the world of book sales.
Time can only tell if this will be enough.