The turnover in the UK’s retail sale of books, newspapers, and stationary sector is forecasted to decline from £3.13 billion in 2024 to £2.86 billion by 2028. Based on this forecast, the sector experiences a consistent year-on-year decrease of approximately 2.31% on average, compounded annually over this period. In 2023, the turnover stood at £3.20 billion, indicating a gradual decline in consumer demand or shifts towards digital alternatives. Watch for prominent future trends including:
- Increasing digitalization and adoption of e-books and online content.
- Changing consumer preferences impacting physical store sales.
- Potential market consolidation as retailers adapt to demand shifts.
