Business
Project Saving the Bookstore
By Investment Moats  •  August 2, 2013

Everyone says the bookstore is dead. It should go the way of Kodak.

At most they will struggle to stay relevant and bleed to death slowly.

But If you have a smart management team, you can redefine a blue ocean.

I wouldn’t say I am a book lover but I really like my time going to Kinokuniya to read and browse books.

Project Saving the Bookstore shutterstock 99472151

The American Conservative ran a list of how a major book chain like Barnes and Noble can reinvent themselves:

  1. Just be a bookstore
  2. Cultivate your ‘Secret Sauce”: The serendipitous experience of discovery
  3. Hire happy, friendly nerds
  4. Create more ‘destination activities’
  5. Transform bookstore into subscription showrooms
  6. Become a mini mall
  7. Downside your image
  8. Give customer better discounts
  9. Become more hipster, like Starbucks
  10. Smell like chocolate. Or Lavender

The post Project Saving the Bookstore appeared first on Investment Moats - Stock Market Investing.

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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