A Surprisingly Strong Year of Book Sales Continues (publishersweekly.com)

If your business prints catalogs, you are keenly aware of the paper shortages and subsequent price increases we’ve experienced so far this year. It’s not over, the mills continue to be on “allocation” through the end of this year and likely into next. What does allocation mean anyway? Simply put, it means the demand for paper is at the mills’ capacity, so they are allocating the amounts that buyers (like printers, paper brokers and catalogers) can purchase. But more importantly, what can you do about it? Get ahead of the pack by placing your orders much, much earlier than you have in the past. click read more below for details

For the first quarter, the company reported net loss from continuing operations of $41.7 million, or $0.04 per share, Adjusted net loss from continuing operations of $11.5 million, or $0.01 per share, and Adjusted EBITDA from continuing operations of $147.3 million, or 2.7 percent of revenues. For the first quarter of fiscal 2019, the company reported net income of $214.4 million, or $0.20 per share. Net income for the first quarter included an after-tax gain of approximately $268.6 million relating to the sale of 281 stores to Walgreens Boots Alliance, Inc. ("WBA"), which completed the sale of stores and related assets to WBA. The sale of the three distribution centers and related inventory is expected to occur after September 1, 2018. As a result of the proceeds received from the store sales, Rite Aid's debt, net of cash, was $3.0 billion as of June 2, 2018. Click Read More below for additional information.

Sales of adult trade books rose 3.4% in the first quarter of 2017, over the comparable period in 2016, according to the latest figures released by the Association of American Publishers' StatShot program. The adult trade segment was one of three major publishing categories to see an increase in the first three months of the year, over the same time frame in 2016. The higher educational course materials segment experienced the largest gain in the period, with sales up 24.3%. Within adult trade, hardcover sales jumped 18.1% in the quarter, offsetting declines in the paperback formats. Downloadable audio had another strong period, with sales rising 23.1% in the quarter. But e-book sales continued to drop, falling 4.5% in the three-month period. Click Read More below for additional details.