I recently listened to an excellent interview on Kindle Chronicles podcast, with Neil Strandberg, manager of operations at Denver’s renowned Tattered Cover Book Store, about his experience of the e-book revolution.
He made an interesting statement:
In the most financially successful bookstores, the fastest growing inventory now is not a book, but sideline items (includes cards and gifts) . They are now the most profitable part of the business.
I was surprised to hear this.
Perhaps the gift industry is keeping the bookstore industry afloat?
Check out the audio interview online: http://www.thekindlechronicles.com/2011/02/11/tkc-134-neil-strandberg/
You can also subscribe the the podcast on itunes.