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 Analysis Chapter
Newspaper and book retailers have faced a challenging environment over the past five years, with revenue expected to contract at an annualised 5.7%. Industry trading conditions have been affected by a shift by consumers towards online content. Strong competition between operators and external players has negatively influenced prices and profit margins. Operating conditions have also been influenced by changes in real household discretionary income, consumer sentiment, demand from online shopping and the number of internet connections. In 2014-15, industry revenue is expected to decline by 4.1% to reach $4.1 billion.
Trends in household discretionary income have influenced consumer demand for industry products over the past five years... purchase to read more