Fiction rode to the rescue again to lift up unit sales of print books 6.4% last week over the week ended June 27, 2020, at outlets that report to NPD BookScan. Adult fiction sales increased 28.1%, young adult fiction sales jumped 49.6%, and juvenile fiction sales were up 11.2% over last year. The jumps offset continued weakness in adult nonfiction, the industry’s biggest category, where sales fell 8.7%. The big gain in adult fiction unit sales was notable since the increase was achieved without any new releases making a splash. The President’s Daughter by James Patterson and Bill Clinton remained #1 on the category list, selling more than 30,000 copies. Two books released early this spring had good weeks: People We Meet on Vacation by Emily Henry, released on May 11, sold over 21,000 copies, good enough for fourth place on the adult fiction list; and Malibu Rising by Taylor Jenkins Reid, which came out on June 1, was fifth on the list, selling over 18,000 copies.
Kohl’s Corporation (NYSE:KSS) (“Kohl’s” or the “Company”) today confirmed that it has received letters expressing interest in acquiring the Company.
The Kohl’s Board of Directors will determine the course of action that it believes is in the best interests of the Company and its shareholders. Shareholders are not required to take any action at this time.
Kohl’s does not intend to further comment publicly on these matters unless it determines it is in the best interests of shareholders to do so.