BINGHAMTON, Australia (AFP) – As the world’s biggest city, Sydney is the most sought-after destination for booksellers.
But the world-renowned publisher Binge sells the best in book-shopping, with its vast collection of booksellings in the city.
It also has one of the highest levels of internet penetration in Australia, with more than 4.5 million people accessing the internet in October, making it one of Australia’s most popular destinations for online book shopping.
Binge’s library has grown by more than 100 per cent in the past four years, with an increase of more than 2,000 bookstores.
A year ago, the store had more than 5,000 books in stock and was looking for new books.
It also had a huge inventory of CDs, DVDs and other audio-visual goods.
But with the global financial crisis, Binge has seen its book business struggle and it has seen book sales decline.
Its stock is now down more than 60 per cent since the crisis, with most of the losses being from book-related companies.
“We’ve been on the up, but unfortunately the book business has taken a hit,” Binge managing director Tim Stirling said.
“As we’ve gone through the crisis in the last 12 months, the stock has gone down.”
But we’ve still got a huge collection of CDs and DVDs and a huge number of audio-Visual goods.
“If we keep selling that, it’ll come back.”
The company has about 1,500 bookselling locations across the country, with the vast majority of its bookshop stock in Sydney.
The company’s online catalog, Bing, now has over 13,000 titles in its online catalogue, including more than 1,000 new titles every month.
It has more than 40,000 registered customers across Australia, including Sydney.
A spokesperson for the Sydney Booksellers Association said the industry had suffered in recent years.
“The Sydney Bookseller Association and our members have seen a dramatic fall in book sales as the global economic downturn has taken its toll on the sector,” she said.”[But] we are still a strong and active industry and we will continue to fight for a sustainable future for the book industry.”