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Borders has gone bust, and several international bookselling chains are in deep trouble.
Even now there is no such thing as a definitive bestseller list, simply a series of approximate guesses compiled by various national newspapers and bookselling chains.
Doubters claimed Amazon.com ultimately would lose in the marketplace to established bookselling chains, such as Borders and Barnes & Noble, once they had launched competing e-commerce sites.
Now, 35 years later, he's the owner of an idiosyncratic bookshop that's the antithesis of the slick bookselling chains on the high street.
The future is looking bleak for these bookselling chains.
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I had welcomed Tim Waterstone's initiative and the fact that he had seen off WH Smith (a newsagent pretending to be a bookshop) as the dominant bookselling chain.
But at top end bookselling chain Foyles, Jonathan Ruppin said he had seen a "less marked" lift in sales than in previous years.
It all gets serious this week in the most interesting takeover contest that has hit London for some time - Waterstone's owner HMV's £96.4m offer for rival bookselling chain Ottakar's.
At least one major bookselling chain thinks not, as Waterstone's announced that it was pulling all national advertising for Chris Cleave's debut, which hypothesises the effect of an al-Qaida attack at Arsenal's new stadium.
As a major Singapore bookselling chain announced it would stop stocking politically sensitive books in its Hong Kong stores, Jin wrote to Yu that he had received many calls from friends and family trying to persuade him not to publish Xi Jinping's Nightmare.
He was replaced by development director Dominic Myers, who was managing director of the British academic bookselling chain Blackwells until 2005.
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