Current and comprehensive financial news covering the business of publishing, for publishers and booksellers, from Publishers Weekly
Bookstore Sales Dip Slightly 12/14/2009
Despite the severe recession, bookstore sales through the first nine months of 2009 are down by less than 1%, according to estimates from the U.S. Census Bureau. Sales, which include results from college bookstores, were $13.56 billion through October, off just 0.7% from the same period in 2008. Bookstores have fared better than the overall retail market, which was down 8.
More
Barnes & Noble Has Mixed Quarter, Lowers Earnings Guidance By Jim Milliot - 11/24/2009
Sales from its general stores fell 2% in the quarter, but rose 9% from B&N.com and the acquisition of Barnes & Noble College Booksellers added $65 million to revenue. Demand for the Nook exceeded expectations, but increased higher production costs and slow retail traffic forced the company to lower earnings expectations.
More
Third-Quarter Profits Jump at Harlequin 11/04/2009
Third-quarter sales rose 22.5% at Harlequin on a 3.7% sales gain. Earnings were helped by lower costs and foreign exchange.
More
Book Prices Have Modest Increases 11/02/2009
With book prices continuing to be a major top-of-industry conversation, the U.S. Department of Labor has released statistics that show book prices have risen slowly since 2000, and much slower than the overall Consumer Price Index. Between 2000 and 2008, book price rose 5.15%, according to the Labor Department, compared to an increase of 25.
More
Weak School Sales Drop Results at McGraw-Hill Education By Jim Milliot - 10/23/2009
Sales in McGraw-Hill Education's school segment fell 19.6% in the third quarter, resulting in an 11.6% decline for the entire company. Results were strongest in the college division.
More
Wall Street Journal to Run BookScan Bestseller Lists By Lynn Andriani - 10/23/2009
The Wall Street Journal is running bestseller lists from Nielsen BookScan, starting today. Nielsen is providing three weekly charts, for hardcover fiction, hardcover nonfiction, and business. The charts will appear in the print newspaper and on WSJ.com every Friday. The paper previously developed its own bestseller lists.
More
