It has been a sad story for newsagents and stationery retailers over the five years through 2012-13. Industry players have had to operate in a tough trading environment and confront increasing competition from external players, declining newspaper circulation numbers and cheaper stationery imports from Asian countries.
Source: Newsagents & Stationery Stores in the UK: Market Research Report. Just published by IbisWorld. I am not spending £695 on the full report.
From what I can read, we could cut UK and replace it with Australia.