Print Book Sales Could Grow by 2% This Year—Or by 8% (publishersweekly.com)

Few people in the industry have been willing to venture a prediction on how the book business will finish 2021, but in a July 21 presentation on industry print unit sales through the first half of the year, NPD BookScan analyst Kristen McLean laid out three possible scenarios. All outcomes assume that the rapid gains in print unit sales the industry has posted so far this year will slow in the last six months of 2021.

Indeed, McLean noted that, since the end of what she called an historic first quarter, the year-to-date growth rate has lost about one point per week; in other words, growth was up 29% at the close of the first quarter and ahead 18% at the end of the second quarter. At present, she said, sales appear to be steadily gliding back to a more normal performance.

If that is the case and sales run even with 2020 for the balance of the year, print unit sales will finish 2021 with an 8% gain over last year. If sales return closer to 2019 levels—which means a decline in sales in the last months of the year compared to 2020—sales would still finish the year ahead up 2% over 2020.
more at source: https://www.publishersweekly.com/pw/by-topic/industry-news/financial-reporting/article/86935-print-book-sales-could-grow-by-2-this-year-or-by-8.html

Related Posts

USPS Service Performance Shows Continued Improvement Across First-Class Mail and Periodicals

The U.S. Postal Service provided new service performance data today for the week of May 29 through June 4, 2021. During the seven-day period, First-Class Mail and Periodicals experienced positive improvement in service delivery, while Marketing Mail saw a slight decline. Key performance indicators for the week of May 29th include: *First-Class Mail: 89.95 percent of First-Class Mail was delivered on time, a 1.06 percent increase from the week of May 22. *Marketing Mail: 90.67 percent of Marketing Mail was delivered on time, a 1.29 percent decline from week of May 22. *Periodicals: 80.70 percent of Periodicals were delivered on time, a 1.31 percent increase from the week of May 22.

HP Inc. Commits to Enhancing Education for More Than 100 Million People by 2025

Today, HP Inc. announced its commitment to enable better learning outcomes for more than 100 million people between 2015-2025 at the 2017 Global Citizen Festival in Hamburg, Germany. The Global Citizen Festival in Hamburg falls on the eve of the G20 Summit, where leaders of the world’s most powerful countries are congregating to address inequalities and promote sustainable development. HP’s pledge supports the United Nations Sustainable Development Goal 4 and aligns with the company’s goal to improve access to quality education and lifelong learning for all in the classroom and beyond, as outlined in the recently released HP 2016 Sustainability Report. Click Read More below for additional detail.

Tilly’s, Inc. Announces Fiscal 2020 Second Quarter Operating Results

*Total net sales were $135.8 million, a decrease of $25.9 million or 16.0%, compared to $161.7 million last year. *Gross profit was $41.7 million, or 30.7% of net sales, compared to $51.7 million, or 32.0% of net sales last year. *Operating income was $7.7 million, or 5.7% of net sales, compared to operating income of $12.1 million, or 7.5% of net sales, last year. *Net income was $5.3 million, or $0.18 per diluted share, compared to $9.3 million, or $0.31 per diluted share, last year.
Back To Top
×Close search
Search