Industry Analysis & Industry Trends
Bookstores have struggled over the past five years, with revenue projected to decline at an annualised 10.6% over the five years through 2015-16. Industry conditions have been affected by numerous challenges including lower book prices, tough competition from online retailers and external operators, and a shift in consumer reading habits from print books to e-books. The operating landscape has also been influenced by trends in real household discretionary income, consumer sentiment, the IT and telecommunications adoption rate and demand for online shopping. Industry revenue is projected to decline by 3.3% in 2015-16, to reach $1.7 billion.
Retail trade has exhibited a lacklustre performance over the past five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a low level of concentration, as the top four players combined hold well under 40.0% of industry market share. Despite the brand awareness and reputation established by the top four players, these operators control a minor share of the market. Instead, the industry is primarily dominated by small businesses that each operate from a single location. Barriers to entry are low, which bodes well for new players seeking to enter the industry and gain a share of the market. Entry is aided by low capital requirements, due to the retail service nature of the industry and its reliance on labour input over capital investments. However, the industry is operating in the decline phase of its life cycle and this may deter new players from entering the market... purchase to read more