The Bookstore industry will experience growth over the next five years, reaching $8 billion in annual sales.
Operators are expected to continually invest in store improvements and add-ons in an attempt to drive foot traffic into stores. Locally operated independent book stores are expected to endure, benefiting from low operating costs and strong support from their local communities.
To help diversify offerings and bring in additional revenues, stores are implementing monthly book delivery services, which are anticipated to grow in popularity.
Revenues will benefit the most from rising per capita disposable income and consumer confidence, both of which are anticipated to continue to grow over the next five years.