What is the Book Stores industry?
The industry has low barriers to entry and the trend is steady. New operators are attracted to the industry because of its low market share concentration and low capital intensity. As major players account for less than 40% of the industry, there is potentially market share available for new players to capture upon entering the industry. Furthermore, the entry of new players is supported by the low capital investment requirements, compared with expenditure on labour. Other factors supporting the industry's low barriers to entry include its low rate of technological change and light regulation.
However, new operators planning to join the industry may be deterred by its declining life cycle status and medium level of competition... purchase to read more