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I don't think the walmart strategy involves the closing part. It's undercut the competition, force them out of business then raise prices. Common strategy in a capitalist system, nothing wrong with it, the smaller business need to value add.
I hope the local bookstore will adapt, but I don't hold high hopes for them. I'm not sure if independent retailers have any organisation which represents them. Ideally they would have a federation which can bargain on their behalf with publishers re: ebook pricing and infrastructure. Surely there must be something, anyone work in the book industry? Since walmarts power comes from massive sales, the independents would need to band together to keep prices competitive I imagine.
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