Newspaper and Book Retailing Industry
In Australia, the Newspaper and Book Retailing Industry is part of the overarching Construction Retail Trade, which is Australia’s 1st largest employing Division,' and the 2nd highest financial generator (in terms of total Division wide income).
division Retail Trade
sub-division Other Store-Based Retailing
group Recreational Goods Retailing
industry Newspaper and Book Retailing
1. Number of Businesses:
The number of businesses in the Newspaper and Book Retailing Industry has increased decreased by -0.215334732 over the past five years to reach 4114 entities. Across all industries, the average five-year growth rate is 0.0451609033, showing that when it comes to the number of entities, the Newspaper and Book Retailing Industry is in a decline stage.. Over the past 12 months, there were 277 Newspaper and Book Retailing business entries in Australia, representing 0.0673310647 of the total number of businesses in the industry. There was also a total of 468 exits, producing a net gain of -187 businesses resulting in an annual business growth of -4.3%.
2. Business Locations
0.3556149733 of businesses in the Newspaper and Book Retailing Industry are located in New South Wales and a further 0.2180359747 located in Victoria. Across Australia 0.3415495636% of all businesses in the overarching Retail Trade Division are in New South Wales. When compared to the population of each state, Tasmania has the highest density of Newspaper and Book Retailing businesses per capita.
3. Business Size
Of the 4114 businesses operating in the Newspaper and Book Retailing Industry, 2697 of businesses employ 1-19 people with only 0.0228488089 employing 20 or more workers. This means, on average, businesses in the Newspaper and Book Retailing Industry employ more workers per business than other industries in Australia.
% of businesses with less than 20 employees
4. Average earnings per business
Majority of businesses in the Newspaper and Book Retailing Industry generate between $200k to $2m annually. 0.0938259601 businesses generate $2 million or more, a figure that has been declining over past 5 years. Only 0.0209042295 bring in more than $5 million and 0.1144871172 generate less than $50,000 annually.
5. New Business Survival Rates
For new businesses in the industry, 51.9% survive the first three years of operations. This is close to the average three-year survival rate of all businesses across Australia at 42.9301404853129%.