Bookstore sales continued their strong rebound in 2021 over 2020 in November. Preliminary estimates from the U.S. Census Bureau indicate bookstore sales were $709 million, up 43% over the $496 million in sales from November 2020.
This increase followed a 53% sales jump for year-to-year October sales.
more at source: https://www.publishersweekly.com/pw/by-topic/industry-news/bookselling/article/88309-bookstore-sales-jumped-in-november.html
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Meredith Corporation and Magenta launch Fortune Italy. The magazine will be distributed in Italy, Switzerland and Montecarlo, and will cover a range of topics from the economy and politics, to technology, startups and innovation. Through a license agreement with Meredith Corporation and Magenta, Fortune Italy will be published monthly in Italian. Fortune Italy will include features from the U.S edition of the magazine, as well as original content from its staff in Italy. Fortune Italy Senior Editor Fabio Insenga will lead the editorial staff and coordinate a team of internal editors and 25 contributors and correspondents. The magazine's first print edition will be available on newsstands June 2, 2018. Click Read More below for additional information.
News Corp.’s deal with OpenAI supports the contention by the New York Times that publishers should be paid when their work is used for AI, Times lawyers say. “The Times is pleased to see that OpenAI increasingly acknowledges this industry-wide problem and is paying publishers for their work,” a Times spokesperson told Legaltech News. The spokesperson adds, “We hope Microsoft will follow suit. It is important for all industry participants to be at the table and for the subsequent deals to adequately reflect the value of high-quality journalism.”
For the Third Quarter: • Net sales increased 18.6% to $1,342.2 million from $1,131.2 million in the third quarter of fiscal 2016. The Company estimates that Hurricanes Harvey and Irma resulted in approximately $14 million in lost sales; • Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 10.3% compared to an increase of 16.7% in the third quarter of fiscal 2016. The 10.3% comparable sales increase was driven by 6.0% transaction growth and 4.3% growth in average ticket. The Company estimates that Hurricanes Harvey and Irma resulted in approximately 100 basis points of negative impact to comparable stores sales in the third quarter of fiscal 2017; • Retail comparable sales increased 6.6%, including salon comparable sales growth of 3.8%; • Salon sales increased 10.8% to $66.9 million from $60.4 million in the third quarter of fiscal 2016; Click Read More below for additional information.