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 and department stores. The challenging operating landscape has culminated in industry revenue declining. Revenue is estimated to drop at an annualised 5.7% over the five years through 2014-15. Consumer demand for newspapers has been influenced by trends in real household discretionary income, consumer sentiment, internet connections and the volume of shopping done via internet sites. Industry revenue is forecast to fall by 4.1% in 2014-15, to $4.1 billion... purchase to read more
Industry Report - Industry Products Chapter
Products retailed by the industry include newspapers, lottery products, magazines, books, e-books, cards, gifts and stationery. While book retailers predominantly operate as specialist retailers and concentrate on book sales, newspaper and magazine retailers usually supplement store sales by offering a range of other goods and services including lottery products, greeting cards, stationery, art supplies and photocopying services. The relative shares of industry revenue generated by each segment have been affected by a shift in consumers' reading habits over the past five years.
Books are the industry's dominant product segment and are expected to account for 30.0% of revenue in 2014-15... purchase to read more