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Coronavirus Puts Abrupt End to Good Start for Lagardère Publishing
In the first two months of 2020, sales in Lagardère's worldwide publishing group were up 5.3% over the comparable period in 2019, but fell 19% in March. For April, Lagardère said it expects global publishing sales to be down 45% from April 2019.
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Print Unit Sales Rose 10.1% Last Week
Unit sales of print books rose 10.1% last week compared to the week ended April 18 at outlets that report to NPD BookScan. Gains in the adult categories offset a quiet week for sales in the juvenile segments.
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Industry Sales Up 3.5% in First Two Months of 2020
Publishing industry sales had a nice start to the year, rising 3.5% through February, according to AAP's StatShot program. Sales of adult books were up 2.9%, and sales in the children/young adult segment rose 6.3%.
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Quarto Posts Profit in 2019, Outlook for 2020 Uncertain
The Quarto Group posted its first profit since 2016 last year, despite a sales decline. The financial forecast for 2020 is clouded by the impact of the Covid-19 pandemic, which has already led to "falling orders and revenues," the publisher said.
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Print Unit Sales Down 3.5% Through April 18
Unit sales of print books fell 3.5% through April 18, 2020 compared to the same period a year ago at outlets that report to NPD BookScan. Sales of juvenile nonfiction sales were up 21.7% in the period over 2019, somewhat offsetting declines in both adult fiction and nonfiction.
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Print Unit Sales Up 2.9% in Early April
Strong gains in the juvenile categories offset weakness in the adult categories in the week ended Apr. 11, 2020, resulting in a 2.9% increase in print unit sales over the comparable week in 2019 at outlets that report to NPD BookScan.
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AAP Monthly StatShot, January
Sales from the 1,361 publishers that reported data to AAP were up 3.7% in January over January 2019.
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Publishing's First Quarter in 2020: A Good Start, Then the Virus
Publishing sales got off to a decent start in 2020—but as the new coronavirus increased its grip on the country’s economy, sales have softened. The business outlook for the second quarter is, at best, uncertain.
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Wiley Cuts Financial Forecast for Fiscal 2020
John Wiley & Sons estimated the coronavirus outbreak will drop revenues for the fiscal year ending April 30 by about $50 million from its previous expectations. President and CEO Brian Napack remains "confident" about Wiley's future.
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Print Units Rose 6.9% Last Week
Unit sales of print books rose 6.9% last week over the week ended March 28 at outlets that report to NPD BookScan. An early arrival of Easter and Passover helped soften the sales blow caused by the Covid-19 pandemic.
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Industry Sales Rose in January
Sales from publishers who report data to the AAP's StatShot program rose 3.7% in January over January 2019. The impact of the new coronavirus on sales will be reflected in March results.
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Financial Results Varied for Publishers in 2019
Even disregarding the negative impact the new coronavirus will have on the U.S. economy this year, America’s largest publicly traded publishers had a challenging 2019.
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Sales, Earnings Rose 6% at PRH, but Dohle Warns of Virus Impact
Revenue at Penguin Random House rose to €3.64 billion last year and earnings increased to €561 million. CEO Markus Dohle noted that despite the record year, the spread of the coronavirus means adjustments to the business are forthcoming.
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Virus Will Lower Scholastic's Q4 Results
The widespread school closings caused by the new coronavirus will mean disruptions to Scholastic's book fair, book club, and educational businesses in the quarter ended May 31, company chairman Dick Robinson reported.
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Print Unit Sales Fell 10% Last Week
Unit sales of print books fell 10% for the week ended March 14 compared to the previous week, according to NPD BookScan. The juvenile nonfiction category was the only segment in which sales rose last week.
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Industry Sales Posted Small Gain In 2019
Sales of adult trade books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%, according to AAP’s StatShot program.
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StatShot: Publishing Sales Rose 1.8% in 2019
Industry sales rose 1.8% in 2019 over 2018 at the 1,361 publishers who report sales to AAP's StatShot program. Sales of adult books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%.
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Print Units Fell 4% at the End of February
Unit sales of print books had one of their worst weeks so far in 2020 in late February. Units fell 4% in the week ended Feb. 29, 2020, compared to the week ended Mar. 2, 2019, at outlets that report to NPD BookScan.
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Wiley Posts Q3 Gains in Sales, Earnings
For the quarter ended January 31, 2020, John Wiley reported that revenue rose 4% over last year’s third quarter, to $467.1 million, and net income increased 1.4%, to $35.4 million.
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