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 Key Buyers Chapter
The industry exhibits a low level of market share concentration, with the top four players expected to account for considerably less than 40.0% of the market. The majority of industry participants are small sized operators with fewer than 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.
The book retailing market has suffered a period of rationalisation over the past five years. Key examples include 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