January Bookstore Sales Fell 9.1%

The streak of monthly bookstore sales declines reached six in January. According to preliminary estimates from the U.S. Census Bureau, bookstore sales fell 9.1% in January 2018 compared to the first month of 2017. Sales fell from $1.42 billion last year to $1.30 billion.

The January drop followed sales declines in the last five months of 2017 compared to the same period in 2016. For all of 2017, bookstore sales fell 3.6%.

Bookstore sales include results from college stores and with January an important month for those outlets as students head back for the spring semester, the large January decline likely reflects a move away by students from buying print textbooks at stores in favor of buying more digital products and renting more books.

For the entire retail segment, sales rose 5% in January over the first month of 2017.
https://www.publishersweekly.com/pw/by-topic/industry-news/bookselling/article/76317-january-bookstore-sales-fell-9-1.html

Back To Top
×Close search
Search