Finance
Sales of adult books slipped 0.3% in August in 2017 compared to a year ago, while sales in the children’s/young adult segment rose 2.9% in the month.
Scholastic second quarter results held no surprises: sales and earnings fell compared to a year ago due to the lack of a new Harry Potter title.
As sales from textbooks continued to decline in Barnes & Noble Education's second quarter ended October 28, 2017 compared to a year ago, two purchases made in the calendar year boosted sales and earnings.
Following Barnes & Noble's disappointing financial performance for the second quarter ended October 28, 2017, company chairman Len Riggio bought 1 million shares of company stock, raising his stake in B&N to 19.3%.
In the second quarter of fiscal 2018, sales at Barnes & Noble dropped 7.9% compared to a year ago and its loss widened to $30.1 million from $20.4 million in last year's second quarter. Book sales, however, were a bright spot.
Print unit sales were down 9% to mass merchandisers, and off 1% in the retail and club channel, in the Thanksgiving week.
Sales in the children’s/young adult segment fell 36.8% in July, compared to same period a year ago, according to figures release by the AAP. The decline is due, in large part, to the fact that July 2017 did not see a hit like July 2016, when 'Harry Potter and the Cursed Child' was dominating bestseller…
Third quarter sales in Salem Media Group's publishing division, which includes Regnery Press and two self-publishing businesses, fell 20.7%, compared to the third quarter of 2016.
Sales at Hachette Book Group fell 2.8% in the third quarter ended September 30, but were still up 2.2% for the first nine months of 2017.
Strong print and audio sales at Penguin Random House countered soft e-book sales to increase revenue 1.1% in the first half of the year. Earnings at the publisher rose 11.4%.