Industry Description Of Book Retailing - 1106 Words

Industry Description Book Retailing Book retailing is a retail industry companies in this industry, sell mainly books and other reading media including audio books, e-books and e-readers. Some sell other products such as DVDs, stationery, toys and gifts. According to PwC s Global Entertainment sixty billion in sales of consumer books globally, including e-books. (Hoovers Inc, 2016). Book retailers mainly operate from storefronts, although some also operate online. Barnes Noble US, Fnac France, Page One China, Thalia Germany, and WH Smith UK are a few of the major companies in this industry. (Hoovers Inc, 2016). According to (Yee, n.d.). Dymocks is the largest bookstore chain in Australia others include Collins Booksellers and formerly†¦show more content†¦Other issues that have a significant effect on bookstores are parallel import restrictions. (IBISWorld, 2016) and online retailers have the added advantage of cheap freight charges and often no requirement to pay GST. (ABC, 2016). The online book industry, by contrast, has been experienced rapid growth over the past five years as people are becoming accustomed to doing business online and to having items delivered via post. (IBISworld, 2016) A limitation to smaller retailers is the international dominance of Amazon.com and its subsidiaries. Growth forecasts are compound annual 15.5% over the five years through 2014-15, to reach $230.5 million (IBISworld, 2016). However the need for an increased emphasis on software development to create a more user-friendly shopping interface and the increasing level of completion create concerns for any potential new entrepreneurs, another crucial factor is the need to provide a wide range of product at a competitive price. To take a different perspective; some of the downturns in printed book sales may be as a result of economic conditions which have