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 - Starting a New Business Chapter
The industry has low barriers to entry and the trend is steady. New operators are attracted to the industry because of its low market share concentration and low capital intensity. As major players account for less than 40.0% of the industry, there is potentially market share available for new players to capture upon entering the industry. Furthermore, the entry of new players is supported by the low capital investment requirements, compared with expenditure on labour. Other factors supporting the industry's low barriers to entry include its low rate of technological change and light regulation.
However, new operators planning to join the industry may be deterred by its declining life cycle status and medium level of competition... purchase to read more