Was the touted recent growth of independent bookstores just a fluke, a spike in an otherwise clear decline of bookstores? The most recent Barnes & Nobles results appear to indicate this scenario. It seems that the fall of Borders a few years ago was not equaled in shelf space and sales by the recent growth of independent bookstores.
http://www.idealog.com/blog/barnes-and-noble-results-and-the-latest-news-from-perseus/