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Bookselling News
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Want to know about the business side of things from booksellers such as Amazon, Barnes and Noble, Chapters/Indigo and Waterstone’s? We have the latest coverage and industry news.
June Bookstore Sales declined by 35.3% in the US
Some bookstores slowly began reopening in the United States, but overall sales have been lacklustre. June bookstore sales fell 35.3% compared to a year ago, according to preliminary estimates released by the U.S. Census Bureau. As steep as the June drop was, it was a marked improvement over May, when bookstore sales fell nearly 60%, to $270 million. Bookstore sales in June were $384 million, compared to $504 million last June.
Indigo Books revenue dropped by 30%
During the second quarter, Indigo Books has experienced a net loss of about $31.6 million for the 13 weeks ended June 27th, compared to a net loss of about $19.1 million in the same quarter the previous year. This was basically a 30% drop in revenue, primarily due to all of their book stores being closed during the pandemic and online sales were not strong enough to offset it.
Hardcover and Paperback Sales are Surging in 2020
Print sales in the United States are enjoying robust sales in the first six months of 2020. Hardcover and Paperbacks increased by 2.8% and sold 322.1 million copies. Considering most bookstores were only open for a limited time this year, the vast majority were placed via online ordering.
