Book sales are still up following a hot start to 2021. Last week, unit sales of print books jumped 18% over the week ended January 25, 2020, at outlets that report to NPD BookScan. In the prior week, unit sales rose nearly 23% over 2020, resulting in a 22% increase in print sales through January 23 over the comparable period a year ago. Every major category had double digit increases last week. Those jumps were led by the young adult segments, where fiction rose 46.9% and nonfiction increased 48.5%. The top seller in fiction was We Were Liars by E. Lockhart, which sold nearly 15,000 copies, while Stamped by Jason Reynolds and Ibram X. Kendi topped the nonfiction list, selling about 4,100 copies.
The e-retailer drove 82% of e-commerce growth in Q3 for publicly traded online retailers. In its newly released quarterly report, Internet Retailer analyzes the latest financial results for publicly traded online retailers and e-commerce vendors.
Many large publicly traded retailers posted big gains in web sales in the third quarter of 2016, driving e-commerce growth in the United States during the period. But the gains are largely attributable to e-retail giant Amazon.com Inc.
Internet Retailer’s exclusive quarterly financial report for the third quarter shows that the 32 publicly held companies that break out e-commerce sales on a quarterly basis grew 22.5% in the quarter to $41.32 billion, up from $33.73 billion in the same period of 2015. By comparison, the U.S. Commerce Department reports that total e-retail sales for the quarter grew by 15.6%. That suggests that the publicly traded online retailers outperformed the rest of the industry, thereby grabbing market share.
But a closer look reveals that Amazon, No. 1 in the Internet Retailer 2016 Top 500 Guide, accounted for 81.7% of the quarter’s web revenue growth reported by the 32 publicly held web merchants tracked in the report. Including sales of its own products and the commissions and fees it receives from marketplace sellers, Amazon’s third quarter revenue increased 26.7% to $29.48 billion from $23.27 billion a year ago. That figure does not include revenue from its cloud storage service, Amazon Web Services, which totaled $3.23 billion during the quarter, Amazon reported in October.
Factoring out Amazon’s sales, the other 31 public e-retailers in the report grew web sales just 13.3%. What’s more, excluding Amazon, 13 of the e-retailers in the study grew faster than the 13% average growth, with web merchants like Ulta Beauty (No. 153) and Wayfair Inc. (No. 24) exceeding the 50% rate, while 18 grew slower than the average, including four that suffered web sales declines in the quarter.
Some say this growth rate may not be a good sign for retailers that aren’t Amazon.
more at: https://www.internetretailer.com/2016/12/12/amazon-accounts-majority-q3-online-sales-growth