Industry Analysis & Industry Trends
Book retailers have struggled through a difficult chapter over the five years through 2015-16. Industry operators have faced a tough trading landscape, with revenue expected to contract at a compound annual rate of 2.3% over the period. This is predominantly 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. The performance of book retailers has also been affected by fluctuations in the level of real household disposable income and subdued consumer confidence.
Despite this negative narrative, there have been signs of improvement over the past year. Physical book sales have been somewhat rejuvenated as sales of e-readers have slowed... purchase to read more
Industry Report - Industry Analysis Chapter
The UK Book Retailers industry struggled over the past decade as online sales took off, stealing demand from brick-and-mortar stores. During the five years through 2015-16, industry revenue is expected to fall at a compound annual rate of 2.3% to reach £1 billion. The decline of the industry was exacerbated by low consumer confidence and reduced household disposable income early in the period. Increased online competition has weighed on the industry and book retailers are struggling to stay relevant as the market digitalises. However, an apparent resurgence of physical books sales is expected to stop the fall in industry revenue during the current year. The industry is characterised by a relatively small workforce, with average wages generally in line with the minimum wage... purchase to read more