The Wall Street Journal will no longer publish weekly book bestseller lists.
The paper will not renew its contract with Circana BookScan, which powered the listings, according to Publishers Weekly.
The last listings, including six fiction and nonfiction lists and a hardcover business list, appeared in last weekend’s edition, PR continues.
https://www.mediapost.com/publications/article/390893/the-wall-street-journal-drops-bestseller-lists.html
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*Domestic revenue of $9.57 billion decreased 13.1% versus last year primarily driven by a comparable sales decline of 12.7%. *Domestic online revenue of $2.97 billion decreased 14.7% on a comparable basis, and as a percentage of total Domestic revenue, online revenue was 31.0% versus 31.7% last year. *Domestic gross profit rate was 22.0% versus 23.7% last year. The lower gross profit rate was primarily due to: (1) lower services margin rates, including pressure associated with the Best Buy Totaltech membership offering; (2) lower product margin rates, including increased promotions; and (3) higher supply chain costs. *Domestic GAAP SG&A was $1.73 billion, or 18.1% of revenue, versus $1.85 billion, or 16.8% of revenue, last year. *International revenue of $760 million decreased 9.3% versus last year. This decrease was primarily driven by a comparable sales decline of 4.2% in Canada and the negative impact of approximately 420 basis points from foreign currency exchange rates. *International gross profit rate was 23.4% versus 24.3% last year. The lower gross profit rate was primarily driven by lower product margin rates.
The United States Postal Service reported new delivery performance metrics showing the average time to deliver a mailpiece across the postal network continues is 2.7 days. Through March 18, Marketing Mail and Periodicals performance was consistent with the fiscal first quarter. The Postal Service continues its top-down focus on operational precision across the postal network to improve First-Class Mail performance evident in week over week performance to date in March. Second quarter service performance scores covering Jan.1 through March 18 included: *First-Class Mail: 86.7 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 2.4 percentage points from the fiscal first quarter. *Marketing Mail: 92.1 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Periodicals: 81.4 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter.