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 - Starting a New Business Chapter
In the UK Book Retailers industry the barriers to entry are considered to be medium. Buying a shop and acquiring stock may not be prohibitively expensive, but the level of competition and the declining industry means that the many potential independent operators may be discouraged from starting up a store. Businesses require initial capital to set up a shop and acquire stock, however the products are relatively inexpensive compared to stocking electronic goods, for example. Establishing a business with a profitable business plan may be difficult in an industry characterised by generally low margins. Book wholesalers supply products to this industry at a discount, which may be as high as 35%, but this may be dependent on the size of the order... purchase to read more