Newspaper and Book Retailing in New Zealand - Industry Research Report

Out of Print: Changing Reading Trends and High External Competition Have Cut Revenue

Newspaper and book retailers have faced difficult trading conditions in recent years. Greater use of information technology in daily activities has altered how consumers access, store and enjoy a range of print media, including newspapers, books and magazines. Growth in online shopping and increasing competition from external players have eroded the industry's share of the overall retail market. The pandemic has impacted operations over the past two years, as lockdown measures spurred a temporary slump in sales. Deteriorating economic conditions and movement restrictions have encouraged consumers to increasingly access media and shop online, further diverting revenue away from the industry. Revenue is forecast to increase at a compound annual rate of 6.2% to $321.1 million over the five years through 2021-22. This trend includes an anticipated decline of 7.5% in the current year.

Industry operators primarily retail newspapers, books and magazines. Industry players may operate as independent businesses, part of a retail chain or under a franchised model. Industry firms operate through bricks-and-mortar stores and may also make sales online. However, online-only businesses are excluded from the industry.

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.