Industry Analysis & Industry Trends
It has been a tragedy of errors for book retailers over the past five years. With sales falling at an average rate of 15.0% per annum, industry operators have faced a tough trading landscape. Their greatest hurdle has been the increasing level of competition exerted on the industry by external operators such supermarkets. Retail demand for bricks-and-mortar book stores was also affected by online book purchasing and the introduction and growing popularity of e-books, which are expected to revolutionise the way consumers enjoy written text. Other factors affecting the performance of book retailers over this period have been fluctuations in the level of real household disposable income, the consumer price index and overall consumer confidence... purchase to read more
Industry Report - Industry Analysis Chapter
It has been a sad story for book retailers over the past five years, with sales falling at an average rate of 15.0% per annum. The decline can be attributed to the changing nature of the book retailing market, which led to challenging conditions for retailers and greater transparency for consumers. While increasing levels of competition from external operators, including supermarkets and discount department stores, created price-based competition across the industry, growth in the volume of books purchased online produced new revenue streams for operators that were quick to embrace the online revolution... purchase to read more