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 Key Buyers Chapter
IBISWorld estimates that the industry has a high level of market concentration. The top four players are expected to account for 82.4% of industry revenue in 2014-15. The two largest players are high-street retail brands Waterstones, acquired in May 2011 by Russian billionaire Alexander Mamut, and WH Smith. Together these companies are expected to account for 72.9% of industry revenue in 2014-15. Competition at the top of the industry has changed slightly since the exit of Borders, which was a major player in the industry with an estimated 15% share of the market when it closed. The exit of Borders left the only significant competition from within the industry from smaller bookshop chains, Blackwells and Foyles, and the discount book chain the Works... purchase to read more