Paul Collins asks this question in his Village Voice article, which is essentially a review of Laura J. Miller’s new book, Reluctant Capitalists: Bookselling and the Culture of Consumption.
Collins writes,
Today’s field, though, may not be the future’s. Superstores live and die by generous zoning, massive inventory, co-op money, and deep discounts. Zoning laws may stiffen, return policies change, or price controls curtail loss-leader strategies. All these possibilities, however unlikely, have precedents; indeed, it was the owner of Nantucket Bookworks who last month spearheaded a chain store ban in that island’s downtown. Ultimately, though, the greatest vulnerability of chains may be their muscle-bound nature. If print-on-demand technology, though still poky and faintly disreputable, ever achieves the availability and quality of traditional books, the need for overstock returns, remainders, and huge retail spaces may evaporate.