Industry Analysis & Industry Trends
Book retailers have struggled through a difficult chapter over the five years through 2014-15. With revenue expected to contract at a compound annual rate of 8% over the period, industry operators have faced a tough trading landscape. This unfortunate story is partly the result of increasing competition exerted on the industry by external operators such as supermarkets and online retailers, and the growing popularity of e-books, which are rewriting the way consumers enjoy text. The performance of book retailers has also been affected by fluctuations in the level of real household disposable income and subdued consumer confidence.
Industry revenue is expected to contract by 4.4% in 2014-15 to reach £994.6 million... purchase to read more
Industry Report - Industry Analysis Chapter
The UK Book Retailers industry has followed a tragic narrative over the five years through 2014-15, with sales dropping at a compound annual rate of 8%. The decline is partly due to low consumer confidence and reduced household disposable income, which have contributed to the decline of high-street retailers, but also a more significant long-term trend away from specialist bookshops and printed media. The changing nature of the book retailing market has led industry revenue to contract from £1.5 billion in 2009-10 to an estimated £994.6 million in 2014-15. Revenue is forecast to fall by 4.4% in 2014-15... purchase to read more