The books in Xinhua Bookstore were so expensive, so why couldn't it close down?
Xinhua Bookstore's book prices are higher mainly because they have a large inventory and can sell these books to consumers at a higher price. In addition, Xinhua Bookstore often cooperated with other physical bookstores and online bookstores to ensure that their publication was widely sold. Although the bookstore's inventory and partnership might affect the bookstore's profit, it did not mean that the bookstore would not close down. In fact, many bookstores were able to make a profit after a period of losses. In addition, with the development of e-commerce and the variety of consumers 'needs, many bookstores are improving efficiency and reducing costs through innovative methods and digital transformation to meet the needs of consumers. Therefore, although the price of the bookstore was high, the closure of the bookstore was not only dependent on the price but also affected by many other factors, including the business model of the bookstore, competitiveness, market demand and digital transformation.
