UK newsagents are making 14 percent less money from newspapers than they were a decade ago – and the amount is set to fall a farther in the next five years, says retail analyst Mintel.
The retailers’ income from newspapers has fallen from £3.4 billion to £2.9 billion since 1999, and Mintel forecasts it will dip by 44 percent, at constant currency rates, between 2010 and 2015.
Newsagents are making 10 percent more money than a decade ago, because magazines, cards, stationery, cigarettes and book sales have all grown.
But Mintel – in its British Lifestyles 2010, Focusing on the Essentials study – reckons newsagents’ income will dip 21 percent, at constant currency rates, between 2010 and 2015…