What happened to Family Christian bookstores?
The nation’s largest seller of Christian books and merchandise is shutting down. Family Christian Stores announced Thursday it will close all of its 240 locations after 85 years in business, a move that will affect more than 3,000 employees.
Who owns Christian family?
Why are bookstores going out of business?
Two major factors have contributed to the 9.6% decrease in sales at bookstores since 2007: the growing popularity of e-books, and Borders going out of business. Both have caused serious drops in the number of bookstore sales, though competition with online retailers like Amazon is another major factor.
Are bookstores dead?
In April, bookstore sales plummeted to $219 million, a decline of more than 65 percent from April 2019, according to figures released Tuesday by the Commerce Department. In the first four months of this year, bookstore sales fell by 23 percent compared to the same period in 2019.
Is Powell’s Books closing?
Like many businesses, Powell’s has traveled an arduous path since the pandemic forced us to close our stores on March 15, 2020.
Is the bookstore industry dying?
According to the American Booksellers Association, more than one independent bookstore has closed each week since the pandemic began, and 20 percent of independent bookstores across the country are in danger of closing. In contrast, spending on Amazon this summer was up 60% from the same time frame last year.