Tuesday, November 16, 2010

We're all hybrids, now.

“I think in the next three to five years, you’ll see half the bookstores in this country close,” says the president of Joseph Beth Booksellers. (ICv2).

I kind of doubt this, at least in terms of net numbers. Unless you count Borders.

But I was talking to another bookstore owner who felt the Kindle and such were already having an effect on his business -- so, who knows?

I did some googling around, and -- and I may be completely wrong here -- I came up with roughly 18 billion in brick and mortar bookstore sales last year. Something like 8 billion of that were in Barnes and Nobles and Borders chains.

So -- if we could weed out how much the Walmarts and Costco's of the world sell, we'd know how much independent bookstores sell.

I know the comic industry sells something like 600 million per year, but I'm not totally sure if that includes graphic novels. I think it does.

There are maybe slightly less independent comic stores than independent bookstores.

Anyway you slice it, it looks to me like comics stores have a much lower overall sales level than bookstores, and yet -- seem just about as stable. I have a feeling that the surviving comic shops are one hell of a lot more efficient than the surviving bookstores.

Especially since bookstores tend to pop up to replace the failing ones on a regular basis since it's so sexy to own a bookstore.

Of course, your average bookstore probably expends much more money on looks and style than your average comic shop. Then again, that may be part of the problem. (500.00 bookcases can be a real drag on earnings, I'll bet, and so can a cappuccino machine.)

The expectation of book customers is probably much higher, but that doesn't mean you can't do a credibly nice job on comic store looks, and a credibly cheaper job on bookstore looks.

I suspect that most comic stores come about from the bottom up -- that is, they are created with limited funds and built upon. Scramblers, survivors.

The average bookstore come about from the top down -- that is, they are created by people who are already living a middle class life, and sink funds into the dream, and then see it dissipate. Both these scenarios play to a stereotype, but I'd be willing to stand by them.

Overall bookstore sales were down 7.1 in September, and 6.5 in August. Down 2.6% for the year.

Hasting reported about a 9% drop in New books, though they were down less overall because of used books -- and, well, according to them, comics and graphic novels...

What will continue to fog up the picture of what's happening is -- well, almost no one is JUST a comic shop anymore, or JUST a bookstore. We got coffees and crumpets and toys and games and books and graphic novels and dvd's and stationary and...well, on and on....

Everyone's a hybrid, now.

No comments: