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 7.1% over the five years through 2013-14. 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 5.3% in 2013-14, to $4.3 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is expected to operate in decline stage of its life cycle over the 10 years through 2018-19. The declining life cycle can be attributed to a contraction in value added and establishment numbers, along with a shift in the way consumers access and read newspapers and books.
Industry value added is expected to decline by an annualised 2.2% over the 10 years through 2018-19, compared with annualised growth of 2.6% in Australian GDP. Newspaper and book retailers have continued to post a decline in profitability and value added across a number of segments due to mounting competition from other media such as the internet and TV and growth in the volume of digital publications... purchase to read more