Industry Analysis & Industry Trends
It has been a tragedy of errors for book retailers over the past five years. With sales expected to contract at a compound annual rate of 7.8% over the period, industry operators have faced a tough trading landscape. Their greatest hurdle has been the increasing competition exerted on the industry by external operators such as supermarkets. Retail demand for bricks-and-mortar book stores has been 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. The performance of book retailers has also been affected by fluctuations in the level of real household disposable income and subdued consumer confidence.
Industry sales are expected to contract by 3.4%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry is in the decline stage of its life cycle, which is characterised by a saturated product market, slow growth rate and a decline in enterprise numbers. Industry value added is expected to fall at a compound annual rate of 6.3% over the ten years to 2012-13. Over the same period the UK economy is forecast to expand at a compound annual rate of 1.0%. This indicates that the Book Retailer industry is slowing its contribution to the economy, and is further indicative of the decline phase of its life cycle
Profit margins will fall over much of the ten years, as competition in the industry is largely price based... purchase to read more