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 Products Chapter
The product market for book retailers may be segmented by the type of book being purchased (trade or educational and professional books) or the medium used to purchase the book (hard copy or digital edition). Trade books represent those published for general readers, while educational or professional books are sought by specific consumers. The product market for book retailers has evolved considerably over the past five years. As a result, the medium used to purchase books provides a clearer representation of the shift in consumer book buying habits over the past five years. While still less than demand for print books, the growing demand for e-books and e-readers has changed the way that consumers buy and consume books... purchase to read more