Amazon has come to dominate the retail industry in recent years, with its expansive selection of products, low prices, and convenient delivery and return policies. But one company that has continued to hold its own against Amazon is Powell’s Books, a beloved independent bookstore in Portland, Oregon. With its vast selection of new and used books, as well as rare and collectible volumes, Powell’s has become a popular destination for bibliophiles from around the world.
The question often arises: Does Amazon own Powell’s? The answer is no.
While Amazon has certainly had an impact on the bookselling industry — including putting some independent bookstores out of business — Powell’s is still a private company owned by its founders and family members. It is not owned or operated by Amazon.
Powell’s was founded in 1971 by Michael Powell when he opened a small bookstore in downtown Portland. Since then, the store has grown to include four locations in Portland (including one at the Portland International Airport), one location in Beaverton, and an online store that ships books worldwide.
In addition to selling new books, Powell’s also buys used books from customers and resells them at discounted prices. This “buy-back” policy helps keep costs down while still maintaining a wide selection of titles at both physical locations and online. It also allows readers to trade-in their gently used books for store credit.
So while Amazon may be king when it comes to online shopping, it doesn’t rule the roost when it comes to books. That honor belongs to Powell’s Books.
Conclusion:
No, Amazon does not own Powell’s Books. Founded in 1971 by Michael Powell as an independent bookseller with four locations in Portland (including one at Portland International Airport) and one location in Beaverton plus an online store that ships books worldwide – Powell’s continues to be privately owned by its founders and family members despite competition from Amazon’s expansive selection of products with low prices and convenient delivery/return policies.
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