Harrison-Keyes

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Title: Harrison-Keyes

Essay Details:

Subject: Miscellaneous

Author: Joseph E

Date: July 6, 2015

Level: University

Grade: A

Length: 17 / 4926

Essay text:

While in 1972 independent bookstores controlled 84 percent of the market, by 1983, shortly after chain bookstores first began expanding, that share had dropped to 71 percent. By 1994, the market share of independent bookstores had fallen to 41 percent. Today, independent market share stands at 25 percent, leaving only a few corporations in control of 75 percent of the book retail market. Market studies indicate that this trend will continue in the future. In 1996 alone, as the independents’ market share continued to plummet, sales at book superstores rose 36 percent, to $3.27 billion. It is not hard to foresee a day when independent bookstores have only a negligible presence in the book retail market...

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