Share
How books have made a comeback during coronavirus lock-downs
Several South African magazines have been pulled off the shelves after their publishing houses became casualties of the COVID-19 economic downturn. With the fortunes of prominent glossy magazines doomed, what does this mean for other reading materials like books? Grattan Kirk, CEO of Exclusive Books joins CNBC Africa for more.
Thu, 07 May 2020 15:49:51 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Exclusive Books faced a significant decline in turnover and zero sales during the initial phases of the lockdown in South Africa, but has gradually resumed trading with a focus on educational books.
- The resurgence of book sales during the pandemic reflects a growing interest in books as a source of comfort and escape from excessive screen time.
- Book authors are encouraged to continue writing and contributing to the literary landscape, with opportunities for success even in the face of economic uncertainties.
The global COVID-19 pandemic has brought unprecedented challenges to businesses across various industries, and the book industry has not been immune to the impact of the crisis. Gratten Kirk, CEO of Exclusive Books, shed light on the struggles and opportunities that the book retailer has encountered during the lockdown period in South Africa. Exclusive Books, like many other businesses, had to shut its doors during the level 5 lockdown imposed by the government, leading to a significant decline in turnover and a prolonged period of zero sales. However, with the easing of restrictions and the allowance to sell educational books under level 4 of the lockdown, Exclusive Books has slowly started to recover. Kirk highlighted that approximately 80% of their book inventory consists of educational and nature-related books, which enabled them to resume trading and generate some revenue once again. Despite the challenging economic environment, Kirk remains optimistic about the future of the book industry, citing a resurgence in book sales during the pandemic. He emphasized that books provide a sense of peace and tranquility for individuals seeking a break from excessive screen time, especially in a time when people are spending more time at home. Kirk also expressed confidence in the resilience of book authors, encouraging aspiring writers to continue their craft and produce content that resonates with readers. In response to the current economic uncertainties, Kirk highlighted the importance of maintaining cash flow and supporting the company's workforce to ensure business sustainability. Through innovative measures such as partnering with UberEats for book deliveries, Exclusive Books has adapted to the changing consumer behavior and leveraged technology to reach customers in new ways. The CEO emphasized the importance of resilience and adaptability in navigating the challenges posed by the pandemic, highlighting the success of online sales and delivery services as a testament to the industry's ability to evolve. While acknowledging the tough road ahead, Kirk remains committed to overcoming obstacles and serving the reading community with quality content and engaging literary experiences.
SIGN UP FOR OUR NEWSLETTER
DAILY UPDATE
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.