Booktopia Group Limited (ASX:BKG)
Booktopia Group Limited (ASX:BKG) is the largest Australian-owned online book retailer by market share. Over 85% of the items sold by Booktopia Group in FY2020 were books, however it also sells eBooks, DVDs, audiobooks, magazines, maps, calendars, puzzles, stationery and cards. The Sydney based business was launched in 2004. It sells its products through the websites www.booktopia.com.au and www.angusrobertson.com.au and distributes product from its modern Distribution Centre located in Lidcombe, Sydney.
Booktopia Group was established in 2004 in Sydney by Chief Executive Officer and Managing Director Tony Nash, Simon Nash, and Steven Traurig. In FY20 Australians spent approximately $2.5 billion on books (including eBooks) and bought 36% of those online. In FY20, Booktopia Group had approximately 6% market share of Australian book sales. In the 12 months to 30 June 2020 Booktopia Group shipped over 6.5 million items or on average 25,000 items per business day.
Booktopia Group has built an experienced senior management team most of whom have been with the business for many years. The business has earned several accolades from the industry over that time. Booktopia Group prides itself in knowing and understanding the needs of its book buying public. The Group is proud to have 2.3 million repeat customers.