Used Book Sales Surge During Tough Economic Times
Geebee Micro — March 7, 2009 — Business
It could be that the global recession is just what used book stores--or second-hand bookshops, as they’re called in Britain--need to thrive, as everyone seems to be on survival mode and looking for a good deal in whatever they’re interested in buying.
With the advent of Amazon.com and other online book sellers, it seemed the value of used book stores had fallen, and it would only be a matter of time before they collapsed.
Of course large sellers have foreseen this and bought up some of the larger used-book dealers, like Amazon with AbeBooks. But even so, those offering up inexpensive used books should continue to do great for some time to come, as they have over the last several years.
Charities which sell used books have also enjoyed a resurgence in sales, which has helped them meet their goals as well.
With the advent of Amazon.com and other online book sellers, it seemed the value of used book stores had fallen, and it would only be a matter of time before they collapsed.
Of course large sellers have foreseen this and bought up some of the larger used-book dealers, like Amazon with AbeBooks. But even so, those offering up inexpensive used books should continue to do great for some time to come, as they have over the last several years.
Charities which sell used books have also enjoyed a resurgence in sales, which has helped them meet their goals as well.
Trend Themes
1. Resurgence of Secondhand Market - The global recession has led to a surge in used book sales as consumers seek affordable options in tough economic times.
2. Thriving Online Book Market - The rise of online book sellers has posed challenges to traditional used book stores, but they can still thrive by leveraging digital platforms.
3. Growing Demand for Sustainable Consumption - Consumers' growing interest in sustainability presents an opportunity for secondhand bookstores to attract eco-conscious shoppers.
Industry Implications
1. Retail - Traditional and online used book stores can capitalize on the resurgence of secondhand books by offering unique and affordable options to consumers.
2. E-commerce - Online marketplaces for used books can disrupt the traditional bookstore industry by providing convenience, wider selection, and competitive pricing.
3. Charitable Organizations - Charities selling used books can benefit from the rise in popularity of secondhand books, contributing to their fundraising goals and social impact.
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