Adult Trade, College Material Sales Up in Q1

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.

Sales in the children’s/young adult category fell 3.2% in the first quarter. The major factor driving down sales in children’s/young adult was weak paperback sales. Sales in the format fell 14.2% in the quarter, offsetting a 14.6% sales gain of board books.

The area which experience the most significant decline was religious publishing; in this segment, sales dropped 7.4%.

The StatShot figures are compiled from 1,202 publishers that report to the AAP. Overall sales for reporting publishers were up 4.9% in the first quarter of 2017 over 2016.
https://www.publishersweekly.com/pw/by-topic/industry-news/financial-reporting/article/74381-sales-of-adult-trade-college-material-up-in-q1.html

Related Posts

Costco Wholesale Corporation Reports First Quarter Fiscal Year 2022 Operating Results

Costco Wholesale Corporation announced its operating results for the first quarter (twelve weeks) of fiscal 2022, ended November 21, 2021. Net sales for the first quarter increased 16.7 percent, to $49.42 billion from $42.35 billion last year. Net income for the quarter was $1,324 million, $2.98 per diluted share, compared to $1,166 million, $2.62 per diluted share, last year. This year included a tax benefit of $91 million, $0.21 per diluted share, related to stock-based compensation, and a write-off of certain information technology assets of $118 million pre-tax, $0.20 per diluted share. Last year included tax benefits of $145 million, $0.33 per diluted share, and incremental expenses for COVID-19 premium wages of $212 million pre-tax, $0.35 per diluted share.

Chatham Asset Management, LLC To Name Tony Hunter Chief Executive Of McClatchy On Emergence From Chapter 11 In September

Chatham Asset Management, LLC announced that Tony Hunter will become Chief Executive Officer of The McClatchy Company, following the local news company's emergence from Chapter 11 and the completion of its Court-approved sale to Chatham, in September. Mr. Hunter will succeed Craig Forman, McClatchy's CEO, who along with the current board and Chairman Kevin McClatchy, will leave the company upon McClatchy's emergence from its court-supervised reorganization.

REI Co-op enters the running shoe business with the Swiftland MT, its first multi-terrain trail shoe designed using recycled and bio-based materials

Based on years of gear designing, experience, customer feedback, and industry-leading sustainability insights, REI Co-op introduces its first foray into running shoes since the 1970s, with the introduction of the REI Co-op Swiftland Multi-terrain (Swiftland MT). This versatile trail runner maximizes recycled and bio-based materials without compromising technical expectations, while giving runners the freedom to take their adventures over multiple surfaces beyond the pavement. The Swiftland MT is a foundational running shoe that joins a wide variety of running apparel, equipment and gear for REI customers to choose from, and continues the co-op's commitment to broaden its running assortment and more deeply invest in this activity category.
Back To Top
×Close search
Search