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 Analysis Chapter
Bookstores have fought to stay afloat, with the industry’s revenue estimated to contract by an annualised 10.6% over the five years through 2015-16. A host of issues have plagued industry operators during this period, including falling sales volumes, downward pricing pressure, strong competition from online operators and external players, and a shift in the buying habits of consumers. Profitability has trended downwards due to the erosion of product margins. Industry performance has also been affected by fluctuations in real household discretionary income, consumer sentiment, the IT and telecommunications adoption rate and trends in internet and catalogue shopping. In 2015-16, industry revenue is expected to fall by 3.3% to $1.7 billion... purchase to read more