Rare Book Monthly

Articles - April - 2022 Issue

Amazon to Close All Their Bookstores

An Amazon book store (Amazon website photo).

Amazon.com has put a lot of retail stores out of business. Now it looks like it has done the same to its own. Before it became the behemoth seller of everything under the sun, Amazon was an online bookstore. It was very successful at what it did. It drove mega-bookstore Borders out of business, Barnes & Noble to the brink, and countless smaller bookstores out too. And then they went on to do the same with all kinds of other merchants as they discovered the formula that worked so well with books could be applied to most everything else.

 

Therefore, it was quite a surprise when in 2015, Amazon announced they were going to open their own bricks and mortar bookstore. Was the website just a ruse to drive competitors out of business so they could have the physical store market to themselves? Not likely. As Amazon Books VP Jennifer Cast explained at the time, “Amazon Books is a physical extension of Amazon.com. We’ve applied 20 years of online bookselling experience to build a store that integrates the benefits of offline and online book shopping.”

 

Amazon had an advantage over other bookstores. As a result of their online sales, they knew what readers liked and bought in advance. They would fill their shelves only with books that customers had rated very high and ordered frequently, almost guaranteeing success. What's more, they could target which books to offer based on their store location by using their specific sales figures from nearby zip codes.

 

They opened their first store close to home, in Seattle. In 2016, they moved down the west coast, opening stores in Portland, Oregon, and San Diego. Next came Chicago. Then they headed east, two stores in Manhattan, added six more in California, and eventually opened stores in 12 states and the District of Columbia, 24 stores in all. It looked like the local retail formula was clicking.

 

And then, as suddenly and surprisingly as it began, it all came to an end. There were no flashy announcements. It became public knowledge after a story by Reuters, which Amazon then confirmed. Amazon will also close some other experimental retail outlets. Their “4-Star” stores which specialized in various products that were rated four stars or higher by their customers will close. So will their Pop Up stores which brought new products to shopping malls to give consumers a chance to try them out. A total of 68 Amazon retail outlets will be closing.

 

According to Reuters, only 3% of Amazon's $137 billion in sales last quarter were at retail stores, but even that is somewhat misleading. Most of those were at Whole Foods, which is not being closed. Also remaining open will be their Amazon Fresh stores, also selling groceries, Amazon Go and Amazon Just Walk Out convenience stores featuring self-check outs, and Amazon Style, a clothing store where you pay using an Amazon shopping app rather than a cashier.

 

In an email statement, Amazon said “We remain committed to building great, long-term physical retail experiences and technologies.” It's hard to imagine Whole Foods closing, but then again, this was not an internally generated concept. They purchased the chain in 2017 after it had been in business for 37 years. The other stores are Amazon creations, and it is less clear how successful they are. What is clear is that Amazon's attempt to convert the foundation of their business, bookselling, into a physical presence, will not continue. Thanks to the existence of Amazon.com, physical bookstore selling is a tough business, a lesson even they have learned the hard way.


Posted On: 2022-04-03 13:58
User Name: heas8994

I found this interesting. Amazon via astronaut Bezo ruins small bookstores. People loose jobs.
Claim they know how to run bookstores not mom and pop stores. Then when it does not make
ENOUGH MONEY shut down. Take a huge tax break. Sorry he does not pay taxes.

Michael Heaston


Rare Book Monthly

  • Fonsie Mealy’s, Dec. 12-13: Roberts (David) & Croly (George). The Holy Land, Syria, Idumae, Arabia, Egypt and Nubia. Lond. 1842 - 1843 [-49]. First Edn. €10,000 to €15,000.
    Fonsie Mealy’s, Dec. 12-13: Incunabula: O'Fihily (Maurice). Duns Scotus Joannes: O'Fihely, Maurice Abp… Venice, 20th November 1497. €8,000 to €12,000.
    Fonsie Mealy’s, Dec. 12-13: An important file of documents with provenance to G.A. Newsom, manager of the Jacob’s Factory in Dublin, occupied by insurgents during Easter Week 1916. €6,000 to €9,000.
    Fonsie Mealy’s, Dec. 12-13: WILDE (Oscar), 1854-1900, playwright, aesthete and wit. A lock of Wilde’s Hair, presented by his son to the distinguished Irish actor Mícheál MacLiammóir. €6,000 to €8,000.
    Fonsie Mealy’s, Dec. 12-13: Heaney (Seamus). Bog Poems, London, 1975. Special Limited Edition, No. 33 of 150 Copies, Signed by Author. Illus. by Barrie Cooke. €4,000 to €6,000.
    Fonsie Mealy’s, Dec. 12-13: Binding: Burke, Thomas O.P. (de Burgo). Hibernia Dominicana, Sive Historia Provinciae Hiberniae Ordinis Praedicatorum, ... 1762. First Edition. €4,000 to €6,000.
    Fonsie Mealy’s, Dec. 12-13: COLLINS, Michael. An important TL, 29 July 1922, addressed to GOVERNMENT on ‘suggested Proclamation warning all concerned that troops have orders to shoot prisoners found sniping, ambushing etc.’. €3,000 to €4,000.
    Fonsie Mealy’s, Dec. 12-13: Scott Fitzgerald (F.) The Great Gatsby, New York (Charles Scribner's Sons) 1925, First Edn. €2,000 to €3,000.
    Fonsie Mealy’s, Dec. 12-13: Yeats (W.B.) The Poems of W.B. Yeats, 2 vols. Lond. (MacMillan & Co.) 1949. Limited Edition, No. 46 of 375 Copies Only, Signed by W.B. Yeats. €1,500 to €2,000.
    Fonsie Mealy’s, Dec. 12-13: Miller (William) Publisher. The Costume of the Russian Empire, Description in English and French, Lg. folio London (S. Gosnell) 1803. First Edn. €1,000 to €1,500.
    Fonsie Mealy’s, Dec. 12-13: Miller (William) Publisher. The Costume of Turkey, Illustrated by a Series of Engravings. Lg. folio Lond.(T. Bensley) 1802. First Edn. €800 to €1,200.
    Fonsie Mealy’s, Dec. 12-13: Mason (Geo. Henry). The Costume of China, Illustrated with Sixty Engravings. Lg. folio London (for W. Miller) 1800. First Edn. €1,400 to €1,800
  • Sotheby’s
    Fine Books and Manuscripts
    8 December 2023
    Sotheby’s, Dec. 8: [Austen, Jane] — Isaac D'Israeli. Jane Austen's copy of Curiosities of Literature. 100,000 - 150,000 USD
    Sotheby’s, Dec. 8: [Austen, Jane]. A handsome first edition in boards of the author's debut novel. 70,000 - 100,000 USD
    Sotheby’s, Dec. 8: Brontë, Charlotte. "I am no bird; and no net ensnares me..." 100,000 - 150,000 USD
    Sotheby’s, Dec. 8: Eliot, George. The author's magnum opus. 25,000 - 35,000 USD
    Sotheby’s, Dec. 8: Whitman, Walt. Manuscript written upon the Death of Lincoln, 1865. 60,000 - 80,000 USD
  • Sotheby’s
    Important Modern Literature from the Library of an American Filmmaker
    8 December 2023
    Sotheby’s, Dec. 8: Kerouac, Jack. Typescript scroll of The Dharma Bums. Typed by Kerouac in Orlando, Florida, 1957, published by Viking in 1958. 300,000 - 500,000 USD
    Sotheby’s, Dec. 8: Hemingway, Ernest. The autograph manuscript of "The Short Happy Life of Francis Macomber." [Key West, finished April 1936]. 300,000 - 500,000 USD
    Sotheby’s, Dec. 8: Miller, Henry. Typescript of The Last Book, a working title for Tropic of Cancer, written circa 1931–1932. 100,000 - 150,000 USD
    Sotheby’s, Dec. 8: Ruscha, Ed. Twentysix Gasoline Stations, with a lengthy inscription to Joe Goode. 40,000 - 60,000 USD
    Sotheby’s, Dec. 8: Hemingway, Ernest. in our time, first edition of Hemingway’s second book. 30,000 - 50,000 USD
  • Swann
    Maps & Atlases, Natural History & Color Plate Books
    December 7, 2023
    Swann, Dec. 7: Samuel Augustus Mitchell, A New Map of Texas, Oregon and California with the Regions Adjoining, Philadelphia, 1846. $3,500 to $5,000.
    Swann, Dec. 7: 17th–19th-century case maps of various locations. $1,500 to $2,000.
    Swann, Dec. 7: Andreas Cellarius, Haemisphaerium Stellatum Boreale Cum Subiecto Haemisphaerio Terrestri, celestial chart, Amsterdam, 1708. $2,500 to $3,500.
    Swann
    Maps & Atlases, Natural History & Color Plate Books
    December 7, 2023
    Swann, Dec. 7: Vincenzo Coronelli, Set of engraved gores for Coronelli’s monumental 42-inch terrestrial globe, Venice, circa 1688–97. $18,000 to $22,000.
    Swann, Dec. 7: Lucas Janszoon Waghenaer, group of four navigational charts, Antwerp, 1580s. $2,000 to $3,000.
    Swann, Dec. 7: Thomas Bros, Block Book of Berkeley, Oakland, 1920s. $800 to $1,200.
    Swann
    Maps & Atlases, Natural History & Color Plate Books
    December 7, 2023
    Swann, Dec. 7: John Nieuhoff & John Ogilby, An Embassy from the East-India Company of the United Provinces, map of China, plan of Canton, London, 1673. $1,200 to $1,800.
    Swann, Dec. 7: Frederick Sander, Reichenbachia, St. Albans, 1888-1894. $5,000 to $7,000.
    Swann, Dec. 7: Two early illustrated works on horsemanship and breeding, Nuremberg, early 18th century. $700 to $800.
    Swann
    Maps & Atlases, Natural History & Color Plate Books
    December 7, 2023
    Swann, Dec. 7: John Gould, A Monograph of the Ramphastidae, or Family of Toucans. Supplement to the First Edition, London, 1834; 1855. $40,000 to $60,000.
    Swann, Dec. 7: John Pinkerton, A General Collection of the Best and Most Interesting Voyages and Travels in All Parts of the World, London, 1808–14. $1,500 to $2,500.
    Swann, Dec. 7: Oakley Hoopes Bailey, Hackensack, New Jersey, Boston, 1896. $800 to $1,200.
  • CHRISTIE’S
    Valuable Books and Manuscripts
    London auction
    13 December
    Find out more
    Christie’s, Explore now
    TREW, Christoph Jacob (1695–1769). Plantae Selectae quarum imagines ad exemplaria naturalia Londini in hortus curiosorum. [Nuremberg: 1750–1773]. £30,000–40,000
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    VERBIEST, Ferdinand (1623–88). Liber Organicus Astronomiae Europaeae apud Sinas restituate. [Beijing: Board of Astronomy, 1674]. £250,000–350,000
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    PROPERTY FROM THE COLLECTION OF ALICE & NIKOLAUS HARNONCOURT. Master of Jean Rolin (active 1445–65). Book of Hours, use of Paris, in Latin and French, [Paris, c.1450–1460]. £120,000–180,000
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    A SILVER MICROSCOPE. Probably by Antoni van Leeuwenhoek (1632–1723), c.1700. £150,000–250,000
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    AN ENGLISH HORARY QUADRANT
    C.1311. £100,000–150,000

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