Finance

Sales of print books fell 3.6% last year compared to 2015, dropping to $753.4 million, according to figures released this week by BookNet Canada. Print units were off 6.4% as Canadians continued to do more of their book buying online.

Sales of adult trade books rose 10.3% in August over August 2015, but sales of children’s/young adult titles slipped 1.3%, according to figures released by the Association of American Publishers as part of its StatShot program.

Problems associated with keeping pace with Educational Development Corp.'s rapid sales growth over the last two years has led to a backlog of orders and a doubling of inventory levels.

In an effort to shrink federal bureaucracy by cutting spending, President-elect Donald Trump and his administration reportedly intend to eliminate the National Endowments for the Humanities and the Arts.

Unit sales of print books declined 5% in the week ended Jan. 8, 2017, compared to the similar week in 2016, at outlets that report to Nielsen BookScan.

In a boom year for the stock market, which included a 13.4% gain for the Dow Jones Industrial Average, the Publishers Weekly Stock Index rose 11%.

With store traffic failing to significantly improve after the election, Barnes & Noble's sales did not meet expectations over the holiday period.

Without a hot book or hot category—like last year's adult coloring book phenomenon—unit sales of print books have fallen 6% since Thanksgiving compared to the same period in 2015.

Among the key proposals made by the Australia Productivity Commission is backing the call for ending restrictions on parallel book imports before the end of 2017.

The July publication of 'Harry Potter and the Cursed Child' helped raise sales in the children's/young adult segment 31.1% in July over a year ago. July sales of adult books fell.