Book Stores in Canada
The Book Stores industry has steadily declined over the five years to 2018 amid high competition from online retailers and e-books. Slow growth in per capita disposable income and consumer confidence, as well as changing consumer preferences, have hindered the industry. Over the five years to 2023, the industry is forecast to continue declining, albeit at a slightly slower pace. Despite rising per capita disposable income and consumer confidence in the strengthening economy, changing consumer shopping preferences and limited leisure time for activities like reading books will lead to further drops in revenue.
Companies in this industry retail a broad range of book and newspaper merchandise, including trade books, textbooks, magazines, paperbacks and religious books. These goods are purchased from domestic (and in some cases international) manufacturers and wholesalers. Operators then retail these goods through their stores to the general public. This industry excludes retailers that operate primarily as used merchandise stores or electronic shopping and mail-order houses.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.