Monday, July 14, 2008

Retail economics

On Saturday, I went to the Shakespeare Theatre to see The Imaginary Invalid. We managed to score a parking spot right next door -- right in front of the Penn Quarter Olsson's books -- which, apparently, is now closed.

Now, I'm not going to write a great lament about the demise of the small independent book and music stores -- been there, done that. Besides, that Olsson's location did nothing for me. The cafe was not very large or good, and there was not a lot of room to sit there and read. The books (and CDs) were overpriced, the selection was not great, and a lot of the time, it was just impossible to find what I came in to look for. And in terms of authors/readings/events, other local stores seem to do a way better job.

So, I guess what I am going to say is that it's a matter of economics -- the small stores generally can't compete with the large chains in terms of pricing, so to stay alive, they need to do something else -- or do it better. Like how some smaller coffee shops are doing well, despite the bad economy causing Starbucks to close 600 stores. Maybe the bookstores and record stores should take note.


Anonymous said...

Say hello next time.

dara said...

Where was I that I should have been saying hi? The theater?