Tuesday, October 25, 2016

The Man Who Invented Bookselling

From Literary Hub:
And if you’re a bookseller, then the chances are that you’ve encountered marketing strategies and competitive pressures that trace their origins to Lackington’s shop. In the 21st-century marketplace, there is sometimes a longing for an earlier, simpler age, but the uneasy tension between giant and small retailers seems to have been a constant since the beginning. The Temple of the Muses, which was one of the first modern bookstores, was a mammoth enterprise, by far the largest bookstore in England, boasting an inventory of over 500,000 volumes, annual sales of 100,000 books, and yearly revenues of £5,000 (roughly $700,000 today). All of this made Lackington a very wealthy man—admired by some and despised by others—but London’s greatest bookseller began his career inauspiciously as an illiterate shoemaker. (Read more.)

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