The number of independent bookstores in the U.S. has climbed 27 percent since 2009.
With the closing of Borders in 2011 and Barnes & Noble shutting down shop in hundreds of locations, the rise in indie bookstores is speculated to be a result of the absence left by the larger chains, reports the New York Times. Urban renewal and the advent of “buying local” are also contributing factors to indie bookstore growth in the U.S.
Conversely, indie bookstores have been less fortunate in Britain and Ireland. The two report a 25 percent loss, according to data gathered through the Booksellers Association. More than 50 independent bookstores closed last year alone, including the Ibis Bookshop in Banstead, Surrey.
The loss is blamed on the popularity of e-commerce sites, specifically Amazon, which offer e-books and print books at heavily discounted prices.
Chief Executive of the Booksellers Association Tim Godfray also told the New York Times that British local competition and occupancy costs “are much higher than what the American retailer experiences.”