In another example of the challenges for book, music and filmed entertainment retailing, the ABC has announced it will phase out its shops.
While challenging news for ABC staff, this move presents opportunities for some newsagents. In our shops every day we serve customers who like that they browse and purchase in store rather than online. While the ABC announcement says it will focus on digital strategies, I suspect they will want retailers to offer in-0store purchases for plenty of their lines.
It is an opportunity as long as the ABC do not charge the ridiculously high fees they have in the past to sell their products. Most of their products would easily fit into my store but it all depends on profit and how quickly they would turn.
I feel for the employees but if the stores have been quiet then they might have been able to see the writing on the wall.
Got our ABC calendars today – must be trying to claw back some money b4 they close the doors.
Absolutely ridiculous – calendars in July.