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 7.6% over the period, industry operators have faced a tough trading landscape. This unfortunate story is predominantly the result of increasing competition exerted on the industry by external operators such as supermarkets, 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 actually been signs of hope over the past year. Physical book sales have been somewhat rejuvenated, while sales of e-readers has been lacklustre... purchase to read more
Industry Report - Industry Analysis Chapter
The UK Book Retailers industry has followed a tragic narrative over the majority of the past five years, with sales dropping at an estimated compound annual rate of 7.6%. The decline has been partly due to low consumer confidence and reduced household disposable income, although the rise of online retailers and e-books have been the key obstacles that the industry has struggled to overcome. Increased online competition and the decline of printed media show that the book market is evolving and book retailers are struggling to stay relevant.
An unexpected plot twist
Demand for physical books has been more resilient than many observers had previously thought. Furthermore, bricks-and-mortar stores have also fought back against the online revolution... purchase to read more