We know economies change, technology changes, consumer buying habits change. But when the change is big enough to put you out of business, is your business ready to re-invent itself? Or will you close down?
This is not a new scenario in the business world. But for the small business owner, it could spell a whole new beginning or the death of their business.
For those of us in Bergen County NJ, Womrath's Bookstores have been an institution. My Mom used to shop at the Womrath's in Hackensack every so often, either when she was looking for a specific book or for one of the unique and interesting treasures she saw in the store. When it went on sale, Mom owned it.
I myself as a young girl found it a neat place to go, wall to wall books. Loved the smell of the books. Loved being around the books. But as times changed and technology changed, well, one could read a book on the computer. Later on, read it on Kindle. Read it on your phone or tablet. Try before you buy, if you will. Read a few chapters and then if you liked how the book was going, you might buy it, download it, and you owned it.
Womrath's in Hackensack closed in 2001. Tenafly Womrath's is closing this summer. This leaves only one Womrath's in Bronxville NY in Westchester County.
Over time, technology has put the crunch on the brick and mortar bookstore.