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Publishing Industry Sales Rose 12.2% in 2021, Says AAP
A strong rebound in sales in the K-12 instructional materials category and another solid year in the trade segments led to a 12.2% increase in sales for the 1,369 publishers who report data to AAP’s StatShot program.
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Publishing Stocks Rebounded in 2021
After falling 4% in 2020, the Publishers Weekly Stock Index had a strong rebound in 2021, rising 32% for the year, well ahead of the 18.7% gain posted by the Dow Jones Industrial Average, with several companies seeing a reversal of fortune in the year.
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EDC Sales, Earnings Fall
Financial results from Educational Development Corp. continue to suffer from comparisons to the record highs they hit last year, although EDC said sales through the first nine months of the year are still ahead of pre-pandemic levels.
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Print Books Had a Huge Sales Year in 2021
Led by the fiction categories, unit sales of print books rose 8.9% in 2021 over 2020 at outlets that report to NPD BookScan. 825.7 million print units were sold last year, a jump of nearly 68 million over 2020 and a whopping 132 million over 2019.
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Book Sales Rose in November
Sales of adult trade books rose 5.3% in November over 2020, while children’s/young adult book sales posted a 9.8% increase.
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Book Fair Improvement Boosts Scholastic in Q2
A huge increase in book fair revenue was the primary driver in lifting company sales 29% in the second quarter ended November 30, 2021, over the comparable quarter a year ago at Scholastic.
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Sales, Earnings Up in Q2 at Wiley
With all three of its operating segments posting increases, John Wiley & Sons reported that revenue for the second quarter ended October 31, 2021, rose 9% over last year, to $533 million, and operating income increased 6%, to $73.9 million.
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Publisher Sales Had Strong October
Led by the education segments, sales rose 23.1% in October over October 2020 at the 1,368 publishers that report results to AAP's StatShot program.
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B&NE Show Modest Improvement in Q2
Textbook sales were flat in the quarter ended October 30, 2021 compared to a year ago at Barnes & Noble Education and overall revenue at the company rose 5.3% over a soft back-to-school period last year.
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K-12 Segment Drives Publishing Gains in September
Sales of K-12 materials rose 35.2% in September and were up 32.7% for the first nine months of the year, offsetting declines in several other publishing areas, including adult trade. The K-12 segment was the big driver for industry sales through the first nine months of 2021, rising 32.7%. Through the January-September period, industry sales rose 12.4% at companies that report to AAP.
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Regnery Had Small Q3 Sales Gain
Regnery Publishing had a small sales increase in the third quarter, while Salem Author Services had a 27% jump in self-publishing fees, leading to a 5.6% increase in revenue, to $5.7 million, at Salem Media's publishing group.
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Indigo Sees 16% Sales Hike in Second Quarter
Indigo Books & Music reported revenue of C$238.8 million in the period ended October 2, 2021, a 16% hike over the same period in 2020. With the increase in revenue, Indigo reported net earnings in the period of C$3.5 million, compared with a net loss of C$17.5 million a year ago.
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Trade Segments Had Double-Digit Gains in August
The trade publishing segment continues to perform well in 2021, with August sales up 15.1% in the adult category and ahead 21.8% in the children’s/young adult segment at publishers that report results to the Association of American Publishers’ StatShot program.
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HMH Purchase Boosts HarperCollins Results
A $50 million contribution from its purchase of the Houghton Mifflin Harcourt trade division and higher backlist sales were two of the key drivers in increasing sales at HarperCollins by 19%, and profits by 20%, in the quarter ended August 31.
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S&S Has Stellar Third Quarter
Despite working in something of a state of limbo caused by its pending purchase by Penguin Random House, Simon & Schuster had a solid first half of 2021, and the good results carried into the third quarter, with sales rising 15% and profits jumping 66%.
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July Publishing Sales Were Solid
With most categories posting increases, sales at the 1,158 publishers that report results to the Association of American Publishers’ StatShot program rose 6.9% in July over July 2020.
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Amazon Growth Slows, Costs Jump
Amazon has seen huge gains in sales and profits since the pandemic began, but growth in the third quarter was a modest 15%. The company is spending billions to cope with supply chain issues and labor shortages.
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HBG Sales Fell 9% in Q3
Third quarter sales fell 9% at Hachette Book Group for the period ended August 31, 2021, contributing to a 1.2% drop in total sales for Lagardère's publishing group. Despite the quarterly decline, sales for the first nine months of 2021 were up 9% over a year ago for the entire publishing division.
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Bloomsbury Had Record First-Half Results
Sales rose 29% in the six-month period ended August 31, 2021, and profits soared 225% at Bloomsbury Publishing. The company said that early ordering by accounts to head off problems in the supply chain gave sales a lift.
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Book Sales Prognosis: Good 2021, Uncertain 2022
Book sales should finish 2021 on a good note, but a number of factors could mean softer sales in early 2022, NPD BookScan noted during a webinar on third-quarter sales.