The closing of Toronto Women’s Bookstore is a terrible loss for our community and for independent booksellers. While I lament and am saddened by this news, there remains some positive news in the industry. Small bookstores do still exist in Toronto, like Type Books, Book City, Nicholas Hoare, and Ben McNally Books, among many others. Even with the increased competition from Costco, Chapters Indigo, and groceries stores and pharmacies, these small bookstores continue to play a central role in our community and literary scene.
Click here to read an article from the National Post about the Toronto Women’s Bookstore closure.
I came across this article today in the Financial Times, “Turning a Page on Books: Inside the Evolving Publishing Industry”. In it, journalist Eva Salinas discusses how both some small Canadian bookstores and small Canadian presses are surviving during the recession and the change in book format.
Here are some keys points from today’s article:
- Partnerships between small presses ensures the survival of the independent presses
- Remaining innovative and keeping on top of eBook technology will help small publishers compete with the big international companies
- Ebook sales is key.
- Bookstores and small presses, who cater to both general readers and educational institutions have a better chance of thriving in today’s market
- Selling books outside of Canada (U.S. and internationally) help small publishers compete on a larger scale