Patrick Hempelmann, owner of two used bookstores called BMV (books, music and videos) in Toronto, is opening a third, which, at 15,000 square feet and 200,000 books, will be much larger than the other two.
Interestingly he told the Toronto Star:
"The traditional concept of the used bookstore is basically dead: to wait for people to look for books that are out of print and hard to find, and therefore be able to charge a high price because of the rarity of what you are selling, that idea has been destroyed by ABE and by the Internet. There are very few books that are hard to find now.
"What still works," he continued, "is to sell good books, remainders, review copies, used and hurt books and sell them cheaper, much much cheaper, than you'd pay at Indigo or Chapters. In the U.S., the used book business is growing faster than the new."
From Shelf Awareness