Amazon will stock about 6,000 titles, with the selection based on reviews and sales data from Amazon.com. The price of books in the store will be the same as on the website.
It has been nauseatingly explained by the Chief Executive of the Publishers Association, Richard Mollet:
“This is a vote of confidence in the physical book and the physical book store,” he said. “Book stores have been imperilled in recent years, but even Amazon has seen the benefit of a physical browsing experience.”
I'm sorry - a 'vote of confidence' in the 'physical browsing experience'?
Sounds very much like rubbing salt in the wounds of all those high street bookshops that have been forced to close because they couldn't compete with Amazon.
Especially when you explore Amazon by numbers:
>50%: The decrease in the number of independent bookstores over the past 20 years. There used to be about 4,000 in the U.S.; now there are fewer than 2,000.
<10%: The proportion of books now sold through independent bookstores.