IPA: /ˈbʊkʃɒp/
KK: /bʊkʃɑp/
A place where books are sold.
I bought a new novel at the local bookshop.
Bookshop → It is formed from "book" (from Old English *bōc*, meaning a written work or text) and "shop" (from Old English *sceoppa*, meaning a place for trade or business). A bookshop is a place where books are sold or traded.
Think of a 'written work' ('book') being sold in a 'place for trade' ('shop') — that's what a bookshop is.