In January, small press publisher Andy Hunter started an independent online book platform as an alternative to Amazon. His idea was that even if he captured a tiny fraction of Amazon’s sales, he could be successful. In fact, he told prospective investors that he could reach $30 million in annual sales in a mere two years, a figure that seemed fanciful at the time. But when COVID-19 struck, hundreds of other bookstore owners joined his site, and Bookshop is on track to reap over $40 million in sales this year. Continue reading Online Bookshop Intends to Support Local, Indie Bookstores

According to the Association of American Publishers, in the first eight months of 2017, based on data from 1,200 publishers, revenue from audiobooks grew 20 percent, compared to print books sales increasing a mere 1.5 percent and e-books losing 5.4 percent. Amazon, which bought Audible in 2008, has been the dominant player, with Audible carving out a unique and profitable portion of the market. But Apple is now attempting to take on its rival with a redesigned iBooks e-book reading application for iPhones and iPads. Continue reading Amazon and Apple Turn Up the Heat in the Audiobook Market

Amazon just opened its seventh bookstore, a 4,000 square foot space, in the Time Warner Center at Columbus Circle in midtown Manhattan at the heart of the publishing industry. Nearby is the site of a bygone Borders bookstore in addition to publishers such as Penguin Random House, Simon & Schuster and Hachette Book Group. Amazon has committed to opening a chain of brick-and-mortar bookstores around the country, an irony given that the company’s online sale of books is often cited as a major factor in the demise of many bookstores nationwide. Continue reading Amazon Opens Bookstore in NYC, Plans Six More This Year