UK Book Retailing 2007

Publication Date	July 2007
Publisher	Verdict
Product Type	Report
Pages	29
ISBN Number	not applicable
Product Code	VDT00255

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Summary

Introduction

UK book retailing is in a state of flux. Until recently the books market was highly fragmented with demand split between numerous specialist retailers. But over the last 10 years this situation has changed fundamentally, culminating in the landmark merger between the two largest UK based books specialists in July 2006.

Scope

10 year historic data and five year forecast for consumer spending on books, with year on-year growth segmented into inflation and volume.
Comprehensive profiles of the UK's major book retailers: Borders, Waterstone's (including Ottakar's) and WH Smith.
Consumer research providing analysis of online book shoppers, including their socio-economic profile, reasons for buying online and retailers used.
Strategic analysis of grocers' expansion into book retailing, with particular focus on Asda and Tesco.

Highlights

Despite the initiatives of specialists to promote book reading and book buying, their market share will continue to fall as grocers and online specialists expand their book businesses. Over 2006-11, specialists will increase their sales by 8.7%, but their share of the books market will fall from 43.8% to 40.0%.

Specialists will at least defend their market share more successfully than either book clubs or non-specialists. The book club model is set to lose more market share than any other channel as like other types of mail order retailer, it failed to seize advantage of the Internet.

In 2006, consumer spending on books amounted to 3.4bn, giving books a 1.3% share of total retail expenditure. In broad terms demand for books has experienced fairly healthy growth over the past decade spending on the category has increased by 77.9%, well in advance of the 49.4% increase in retail spending.

Reasons to Purchase

Analyse the growth in demand and pricing pressures in the UK books market.
Measure the migration of sales from physical stores to online retailers and grocers.
Formulate plans to keep up with competitors and support internal planning and targets.

Content

Catalyst
Summary
Analysis
- Market context
- Company comparisons
- Forecast & Outlook
- Waterstone's: extends market leadership through Ottakar's takeover
- New focus on books as music & video market turns sour
- Ottakar's - an obvious target
- The Future of Waterstone's
- Borders: seeks new owner
- Expansion issues
- Potential buyers of Borders
- WH Smith: rebuilds authority in books
- WH Smith struggles against strengthening competitors
- Adapting to changing times
- WH Smith strives for greater authority in books
- Outlook
- Online: high street specialists challenge Amazon
- Major players
- Outlook
- Grocers: gain at specialists' expense
- Standalone non-food stores
- Outlook
- Figure 1: UK books market expenditure and share of total retail spending 1996-2006
- Figure 2: UK books market and total retail spending growth % 1996-2006
- Figure 3: Channels of distribution in books 2006 and 2011
- Figure 4: Why shop for books online? October 2004-2006
- Figure 5: Penetration of e-shoppers by online book retailers October 2004-2006
- Figure 6: Which retailers do online book shoppers buy from? October 2004-2006
- Figure 7: Grocers books SWOT 2007
- Table 1: Total books market expenditure 1996-2006
- Table 2: UK book retailing: market shares 2005 and 2006
- Table 3: Book sales by distribution channel 2005, 2006 and 2011
- Table 4: Waterstone's key operating statistics 2002-2007
- Table 5: Ottakar's key operating statistics 2001-2006
- Table 6: Borders key operating statistics 2002-2007e
- Table 7: WH Smith key operating statistics 2001-2007e
- Table 8: Online spending on books 2001-2006