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 $9.6 billion.
The potential long-term effects to bookstores as a result of the coronavirus outbreak may be severe. Store closures and self 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, the virus is likely to accelerate sales declines at bookstores.
Amid competition from online retailers and mass merchandisers, sales at US bookstores have declined significantly over the past decade, from nearly $17 billion in 2008 to about $9.6 billion in 2018. 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 2,400 independent bookstores, an increase of about 45% 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 may never recover to their pre-internet highs, brick-and-mortar bookstores appear to have a future. Amazon apparently thinks so. The online giant opened its first physical Amazon Books locations in 2015 and has expanded the chain to about 20 stores across the US.
Products, Operations & Technology
The industry is segmented into general, college, and specialty bookstores. General bookstores sell mostly trade books (fiction, nonfiction, adult, children’s);
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms