Bookstores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/15/2019
SIC Codes: 5942
NAICS Codes: 451211
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Bookstores Industry Profile

Companies in this industry sell books from physical retail locations; they may also sell via websites. Major companies include Barnes & Noble, Books-A-Million, and Follett (all based in the US), as well as Fnac Darty (France), Indigo Books & Music (Canada), Kinokuniya (Japan), Page One (China), Thalia (Germany), and Waterstones and WHSmith (UK).

The global book market is valued at $143 billion, according to BookMap. Besides the US, major countries for book sales include China, Germany, and the UK. Industry growth is expected to come in large part from India, driven by the country's expanding middle class.

The US bookstores industry includes about 6,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $10 billion.

COMPETITIVE LANDSCAPE

Amid competition from online retailers and mass merchandisers, sales at US bookstores have declined significantly over the past decade, from about $17 billion in 2007 to just over $10 billion in 2017. Major bookstore chains have been particularly hard-hit. Independent bookstores -- once given up for dead -- are staging a comeback, however. Sales at independent bookstores rose approximately 5% in 2018 over 2017, according to the American Booksellers Association (ABA). The US has more than 2,300 independent bookstores, an increase of about 40% since 2009. The increase in store count follows a 43% plunge between 1995 (the year after Amazon's founding) and 2000, the ABA reports. While book sales ...

 
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