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        Bookstores Industry Profile

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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), Thalia (Germany), and Waterstones and WHSmith (both based in the UK).

        The global book market is valued at $86 billion in 2020 and expected to recover and grow at a CAGR of 2% from 2021 and reach $91.4 billion in 2023, according to PR Newswire. Asia-Pacific?is the largest region, accounting for 34% of the market in 2019 followed by North America accounting for 34% of the global book publishers market.

        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

        The potential long-term effects to bookstores as a result of the coronavirus outbreak may be severe. Store closures and social distancing by consumers will drive sales lost to online booksellers, notably Amazon, which the industry has been battling for decades. Already suffering year-over-year declines in sales, COVID-19 is likely to accelerate sales declines at bookstores. Amid competition from online retailers and mass merchandisers, bookstore sales fell by more than 33% in March 2020, and were down more than 11% this year compared to the first three months of 2019. Major bookstore chains have been particularly ...

         
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