As bookstores struggle to survive nationwide, a Tokyo-based IT company has decided to buck the trend by entering the space.
For Freee, an IT company that provides cloud-based applications for managing back-office tasks, the opening of Tomei Bookstore (transparent bookstore) in Taito Ward, Tokyo last week was a sign of real-time sales while disclosing real-time sales figures. Learn more about running a small business here.
With the rise of e-books and online shopping, the number of Japanese bookstores has been declining over the last decade or so. According to the Japan Institute of Publishing and Information Technology, there were 11,495 stores as of March, down 30% from 16,371 in the same month of 2013.
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