Francis Bennett

1
Will there be bookshops in 2010?

• Francis Bennett

2
Whats shaping our changing world

• Broadband is everywhere
• The power of cheap software threatens specialist
  skills
• Innovation leads to continual competition

3
21st century is an entrepreneurial century

• Change is our companion
• Increasing customer demands
• Need for fast-decision-making

4
Threats to the book trade

• Fewer new readers
• The young have personalised their world via the
  Internet
• E-books Sony v Philips where will the market
  go for content?
• Academic texts will become virtual texts who
  will sell them?

5
Threats continued

• End of the mass market?
• Where do booksellers go for margin?
• External threats from games and DVD industries
• Their size versus our size
• Who sells digital content?
• Google versus the rest

6
What can we do?

• An industry-wide creative review
• Accept that we must collaborate to redefine our
  industry
• Redefine roles of publishers and booksellers
  who sells what?
• Build new deeper relationships with our customers
• Sell all books the market wants
• Go online