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Bookstore sales fell 3.7% in March, to $922 million, according to preliminary estimates released Tuesday morning by the Census Bureau. For the first quarter of 2012, bookstore sales fell 2.3%, to $3.94 billion. Store sales fell in every month of the quarter.
The children’s/YA segment was the star in February as sales in the category rose 73.0%, according to the AAP Monthly StatShot, which tabulates results from 1,191 total publishers. Sales were up significantly in hardcover and paperback while e-book sales jumped 177.8%, accounting for about 16% of children’s/YA sales at reporting publishers.
PW's weekly feature tracking unit print sales of books.
Houghton Mifflin Harcourt, still struggling with a heavy debt burden despite an earlier capital restructuring, is once again looking to rework its debt. As part of the financial restructuring, HMH will file for prepackaged Chapter 11 bankruptcy within 10 days. It hopes to be out of bankruptcy by the end of June.
Total sales at Lagardere Publishing rose slightly in the first quarter, up to 394 million euros from 390 million euros.
Gains in e-book sales were not enough to offset declines in print in the first quarter at Harlequin, parent company Torstar reported Wednesday morning.
HarperCollins appears to have had a good third quarter for the period ended March 31, noting improved contributions from HC, Dow Jones and integrated marketing services.
PW's weekly look at print book sales powered by Nielsen Bookscan.
Although the stock prices rose at only five companies and fell at nine in April, the Publishers Weekly Stock Index rose 5.0% in the month driven by gains of the country’s two largest booksellers, which posted gains for different reasons. Barnes & Noble’s shares jumped 56.6% in the month following news of its partnership with and investment from Microsoft.
Print sales for February continue to hold up with AAP’s Monthly StatShot reporting total adult sales up 6.9% over the same period February 2011 on sales of $437 million. Total Children/YA sales, however, were especially strong showing sales up 73% on sales of $170.9 million.
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