Book chains better watch out: Amazon is coming to town
Bethesda, United States: Bookstores are a go-to for the procrastinating gift-getter, a one-stop shop that has a little something for everyone.
But there´s a new kid on the block this holiday season as online giant Amazon creeps into the physical realm, with 13 brick-and-mortar stores across the United States and counting.
In the upscale Washington suburb of Bethesda, the sector´s transformation is playing out in full view: traditional bookstore Barnes & Noble is closing up shop and Amazon is coming to town -- with a gleaming new store soon to open not two minutes´ walk away. "I think the elephant in the room is Amazon," said Donna Paz Kaufman, a Florida-based industry consultant. "Anybody in publishing is concerned about the tremendous market share that Amazon has garnered." Since it began soaring to e-commerce domination in 1995, Amazon has been a thorn in the side of independent bookstores and big-box chains alike, with Borders shuttered in 2011.
Barnes & Noble´s numbers, meanwhile, are dwindling. The regal, three-level Barnes & Noble in Bethesda feels like more than just a store: coffee drinkers overlook passers-by, while children gather around a storytelling stage, decorated with woodland creatures.
But Barnes & Noble says it was unable to agree on a lease extension, and the shop will close in January after two decades.
-
Princess Eugenie Breaks Cover Amid Explosive Family Scandal -
Will Kate And Anthony Have 'Bridgerton' Spin Off? Revealed -
Schoolgirl Eaten Alive By Pigs After Brutal Assault By Farmworker -
King Charles’ Statement About Epstein Carries A Secret Meaning: Here’s Why It Can Be An Invite To Police -
Demi Lovato Delivers Heartbreaking Message To Fans About Her Concerts -
Sweden's Princess Sofia Explains Why She Was Named In Epstein Files -
Activist Shocks Fellow Conservatives: 'Bad Bunny Is Winner' -
Noel Gallagher Challenges Critics Of Award Win To Face Him In Person -
Minnesota Man Charged After $350m IRS Tax Scam Exposed -
Meghan Markle 'terrified' Over Possible UK Return -
Did Opiate Restrictions Lead To Blake Garrett's Death? -
Royal Expert Reflects On Princess Eugenie, Beatrice 'priorities' Amid Strained Relationship With Sarah, Andrew -
Prince William's 'concerning' Statement About Andrew Is Not Enough? -
50 Cent Gets Called Out Over Using Slur For Cardi B -
Scientists Discover Rare Form Of 'magnets' That Might Surprise You -
Nancy Guthrie’s Kidnapper Will Be Caught Soon: Here’s Why