The economic crisis has hit every industry hard, but the publishing and bookselling industry - always struggling in the best of times - is really taking a beating. Recently Powell's Books, one of the world's largest independent book retailers, asked its employees to voluntarily take unpaid sabbaticals, or to scale back their hours.
Powell's management is currently unwilling to discuss layoffs publicly, but most people assume that layoffs are on the horizon at the "City of Books." The thought of Powell's actually shutting its doors strikes fear into the heart of every reader - or should! Powell's, founded in 1971 by the Powell family, bills itself as "the world's greatest bookstore," and who can argue?
Powell's pioneered the method of selling used books alongside new copies. Powell's continued that business model on the internet, where you can find both new and used copies (ranked by condition) listed on each book's page. If a used copy is not available, you can sign up to receive an email alert when a used copy arrives.
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