Industry Analysis & Industry Trends
Newspaper and book retailers have faced tough trading conditions over the past five years due to declining sales of printed publications and increasing competition from international e-tailers. Competition from external operators, including supermarkets and department stores, has also affected industry trading conditions. The challenging operating landscape has reduced industry revenue, which is expected to drop at an annualised 6.4% over the five years through 2016-17. Consumer demand for newspapers has been influenced by trends in real household discretionary income, consumer sentiment, internet connections and the growing popularity of online shopping. Industry revenue is forecast to fall by 3.3% in 2016-17, to $3.5 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 categorised as either fiction or non-fiction. These two types of books can be further divided by genre (i.e... purchase to read more