Establishments primarily engaged in the retail sale of newspapers, magazines, and other periodicals. Home delivery of newspapers by other than printers or publishers is classified in Industry 5963.
The news dealers and newsstands industry (NAICS 5994) is experiencing several qualitative trends shaped by digitization and changing consumer behaviors. There is an increasing shift towards digital news consumption, as more consumers prefer accessing news through smartphones, tablets, and laptops. This trend has been accelerated by advancements in technology and the increasing availability of online news sources, posing challenges for traditional newsstands.
In response, many newsstands are diversifying their product offerings beyond print media to include convenience products, beverages, snacks, and other daily essentials. This evolution is crucial for maintaining relevance and attracting foot traffic. Additionally, there is a notable trend towards integrating digital kiosks and e-paper displays, aiming to blend the tactile aspect of newsstands with digital efficiency and convenience.
For the near future, it is forecasted that newsstands will continue to adopt more hybrid models, combining both physical and digital elements to cater to a broader audience. Partnerships with digital news platforms and subscription services may also become more prevalent, providing consumers with bundled offerings. Moreover, strategic locations in transit hubs and urban centers will remain vital, as these areas generate consistent customer flow.
Overall, the industry must innovate and adapt to the digital landscape while maintaining the core essence of immediate, convenient news access to stay competitive and viable.
Magazine stands-retail
News dealers-retail
Newsstands-retail
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.