STAMFORD, CT--(Marketwire -08/31/11)- A recent report by media and publishing forecast firm Simba Information found that even though bookstores have lost some of their customer base over the years, the channel feeds into the e-book universe by serving as a 'book showroom' for the roughly 10% of U.S. adults who buy e-books.
"Believing that adults will begin taking to e-books in large numbers because of Borders' liquidation is a dangerous assumption," said Michael Norris, senior analyst of Simba Information's Trade Books Group, commenting on the report. "Since most adults buy books from multiple channels and enjoy using bookstores for browsing, the loss of a 'book showroom' can impact print books and e-books in unexpected ways."
Data from Simba indicates that the more channels a consumer uses, the more likely he or she is to buy -- even though bookstores are sometimes cut out of the action. In a Simba survey of over 110 bookstores across the country, 38% indicated that their (former) regular customers who own a Barnes & Noble Nook or an Amazon Kindle 'often or very often' return to browse without buying anything. 43% of the same booksellers also said non-regular customers often or very often come to browse before leaving to buy from another retailer.
"Publishers should be working around the clock to find ways to make chain and independent bookstores stronger, and not for reasons having to do with sentimentality," Norris said. "If the only retailers left selling books are those that don't need to, publishers will lose their power and relevance overnight. I genuinely worry that books may follow the same dreadful path of music, where gadgets like the iPod spring up to make consumption easy, the showrooms for media discovery close, piracy becomes a cultural expectation and the market shrinks by billions as more people buy less."
The report, "Trends in Trade Book Retailing 2011," also shows the interconnected world of retailing with thorough profiles of the bookstore, online and other major retailing channels, outlining key demographic details and trends unique to each, including the gender, age, household income, education level and purchasing habits of the buyers. The significant influence of non-bookstore physical store retailers like Walmart and Target and the influence of e-book sellers like Amazon.com are also covered.
About Simba Information:
Simba Information is widely recognized as the authority for market intelligence in the media and publishing industries. Its extensive information network delivers top quality, independent perspectives on the people, events and alliances shaping the industry. Simba also publishes a monthly newsletter, Book Publishing Report, which applies its valuable historical data and accumulated knowledge in a graphic discussion of where Borders Group went wrong -- and what its surviving competitors can do to avoid the same fate. The firm routinely assists clients and the press with publishing and media industry analysis. Follow us on Twitter and LinkedIn.
- Simba Information
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