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          1. Bookstores Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/18/2020
            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), 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.

            COMPETITIVE LANDSCAPE

            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 ...

             
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