We are seeing an encouraging number of new newsagencies open for business in our own sales data. In January and February this year we have sold point of sale software systems to newsagents opening new businesses, often for the first time.
The growth in new locations counters concerns in some quarters that the newsagency channel is shrinking. While that may be the case, there are now outlets opening in new centres and extensions of existing centres.
We are glad to be helping new newsagents get their foot in the door and establish new newsagency presences in the community. Given our history in the channel and that we own newsagencies ourselves, we are glad to pass on advice and supplier contacts.