Industry Analysis & Industry Trends
Book retailers have struggled through a difficult chapter over the five years through 2013-14. With revenue expected to contract at a compound annual rate of 7.3% 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, internet 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 3.2% in 2013-14, to £1.3 billion... purchase to read more
Industry Report - Industry Analysis Chapter
The Book Retailers industry in the United Kingdom has followed a tragic narrative over the five years through 2013-14, with sales contracting at a compound annual growth rate of 7.3%. The decline is partly a reflection of low consumer confidence and loss of 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 fall from £1.9 billion in 2008-09 to an estimated £1.3 billion by 2013-14. Revenue is forecast to contract by 3.2% in 2013-14, following a 2.7% decline in 2012-13... purchase to read more