Industry Analysis & Industry Trends
Newspaper and book retailers have faced tough trading conditions over the past five years due to a decline in the sale of printed publications and growth in the volume of sales lost to international e-tailers. Industry trading conditions have been affected by competition from external operators, including supermarkets, department stores, convenience stores and milk bars. The challenging operating landscape has culminated in industry revenue declining by an annualised 5.6% over the past five years. Consumer demand for newspapers has been influenced by trends in real household disposable income, consumer sentiment, internet connections and the volume of shopping done via internet sites and catalogues. Industry revenue is forecast to fall by 5.3% in 2013-14, to $3.8 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a low level of market share concentration, with one major player expected to account for less than 40.0% of the market. The majority of industry participants are small sized operators with under 20 employees. Prospective entrants face low barriers to entry, which acts as an incentive for new operators to enter the industry and gain market share. The entry of new players is supported by low capital requirements.
Concentration has remained low over the past five years due to a decline in enterprise numbers. The book retailing market has suffered a period of rationalisation, exhibited by the collapse of Angus & Robertson and Borders in February 2011 and the purchase of Melbourne University and SPP Medical and Legal Bookshops by The Co-op Bookshop in June 2012... purchase to read more