and more.
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AAP Monthly StatShot: April
With most all bookstores closed in the month, total sales fell only 3.5% at the 1,361 publishers that report figures to StatShot.
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Pandemic Takes a Toll on Industry Stocks
The Publishers Weekly Stock Index fell nearly 20% in the first six months of 2020.
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Investment Firm Bids to Nominate Directors to B&NE Board
Barnes & Noble Education said it was surprised to learn that Outerbridge Capital, which owns 13.5% of the company, plans to nominate four of its own candidates to run for B&NE's board of directors.
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With a Plunge in Returns, Net Sales Fell 3.5% in April
Net sales declined only 3.5% in April for publishers who report to AAP's StatShot program. That small drop, however, was due to a significant decline in returns. Publishers are concerned that returns will be heavier than usual when stores reopen and start shipping back unsold titles.
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Virus Leads to Down Fourth Quarter at Wiley
Fourth-quarter sales and earnings fell at John Wiley compared to fiscal 2019 due to lower sales of print books, test prep programs, and corporate training. Sales for the year rose 2%, though a number of one-time charges led to an operating loss.
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AAP Monthly StatShot: March
The 1,361 publishers who report to the AAP’s StatShot program saw a 8.4% decline in sales in March compared to a year ago.
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Boosted by Hunger Games Prequel, Unit Sales Rose 5.5% Last Week
Led by 'The Ballad of Songbirds and Snakes,' Suzanne Collins’ prequel to her blockbuster Hunger Games series, unit sales of print books rose 5.5% last week over the week ended May 16 at outlets that report to NPD BookScan.
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EDC on Track for Record First Quarter
After a scare in March, the first quarter of its new fiscal year, Educational Development Corporation said that it now expects to have a record first period with sales between $36.5 million and $38.5 million.
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Bloomsbury Hoping Digital Gains Will Soften Covid-19 Impacts
Bloomsbury Publishing reported a 10% profit increase in the fiscal year ended February 29, 2020, over fiscal 2019. The publisher said its business in the current fiscal year has suffered "significant disruption" because of the coronavirus pandemic, but said it is "well placed to benefit from increased demand for our digital resources, audio, and e-books.”
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Publisher Sales Fell 8.4% in March
Industry sales fell 8.4% in March compared to a year ago at publishers that report to AAP's StatShot program. Sales in the trade segments has small increases in the month, but sales in all other categories declined.
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