The Book Mark attributed its decision to close after 46 years in business largely to a dramatic increase in rent and high property taxes, but Canadian independents are all facing ongoing pressures. Steve Budnarchuk, co-owner of Audreys Books in Edmonton, Alberta says online retailers are the biggest competition. “Chapters [Indigo] retail stores, of course, are to an extent because they are a big entity in town and they have the big footprint, even if they don’t have the big book inventory… but online retailing is still been the single biggest factor.”
Indigo Books and Music, Canada’s largest book retailer, reduced the number of books it carries last fall to make room for new product lines of gift and lifestyle goods in a move its CEO Heather Reisman described as a strategy to survive the growth of digital books and e-readers. Budnarchuk said that in his business e-books “are starting to have an impact, but it’s hard really to quantify that.”
Ian Donker, general manager of the Book City stores in Toronto, agreed. “About 14 months ago, there were a few depressing months, but was that e-readers or was that when the economy took another plunge? I don’t remember exactly when that was, but it’s just something you have to ride out. I don’t think e-books are affecting us as much as people might think, but time will tell. A new load of e-readers were given as Christmas presents this year and sales could be affected because of that. We’ll just have to see over the next few months.”
Nicholas Hoare, who owns bookstores in Montreal, Toronto and Ottawa, said sales were up for his business by 20% or 25% for Christmas, but that was only because last Christmas was a disaster due to a huge snowfall. “I suffer no illusions, if we compared this year’s sales to two Christmases ago, they are probably flat as a pancake….We’re all on a one-way ticket down a dead end street, but I do think from a strictly short-term point of view from Nov. 15 and Dec. 31, we had the elements playing right into our hands and it was an absolute flaming god-send.”
It was a brown Christmas with no snow across most of Canada this year, and although snow sometimes puts consumers in the mood for Christmas shopping, some booksellers said they benefit more from mild weather. “Snow makes people think of Christmas, but cold keeps them home,” noted Paul McNally, co-owner of the McNally Robinson bookstores in Saskatoon and Winnipeg and New York.
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