Friday, April 11, 2008

A New Independent Bookstore In Texas

Yesterday's Dallas Morning News had an article on a huge independent bookstore due to open in late summer in Plano, a community north of Dallas.

Legacy Books will occupy 24,000 square feet and be located on three levels of a shopping center called The Shops at Legacy.

The article emphasizes that these are tough times for booksellers.

These are tough times for book retailers.

After years of competition from low-cost Internet sellers, discounters including Wal-Mart and Costco are now hammering book merchants.

Borders has lost $300 million in the last two years and is considering a sale.

Barnes & Noble's net profit was down about 10 percent in the last year, and the company has warned investors that its profit could fall about 10 cents per share this year.

Teri Tanner, managing partner of Legacy Books, sounds undaunted by the challenge. She has worked at both Borders and Barnes & Noble. She points to the thousands of people who visit The Shops at Legacy, a place that includes the Angelika Film Center, more than two dozen restaurants and specialty stores.

She says she is selling entertainment as much as books. "Sure, you can get it cheapter on the Internet . . . But what's lacking is the interactive experience." Her new book store will boast a coffee bar, an area for cooking demonstrations and a separate Wi-Fi bar in addition to 100,000 titles.

Ms. Tanner visited other successful independent bookstores like Elliott Bay Book Company (Seattle), Tattered Cover (Denver) and BookPeople (Austin). She's building an open space with large windows and brightly-colored fixtures.

I'm looking forward to visiting it later this year.


Jaye Wells said...

I can't wait for this place to open.

Maya Reynolds said...

Jaye: I'll meet you there :)