This happened to Borderlands in SF. Bookstores operate on such low margins that an increase in worker pay to livable levels in expensive markets puts the bookst

This happened to Borderlands in SF. Bookstores operate on such low margins that an increase in worker pay to livable levels in expensive markets puts the bookstore into the red (costing more to operate than it brings in) the owner had a community meeting to announce that the store was closing. Someone asked “what it would take to stay open and can we just give you that?” Borderlands now has a great membership program with neat incentives and invitations to private events. It was so successful that the owner took the bold step of buying a building since future rent increases were the next big threat.