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EDC Coping with Growing Pains
Problems associated with keeping pace with Educational Development Corp.'s rapid sales growth over the last two years has led to a backlog of orders and a doubling of inventory levels.
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Reported Trump Spending Cuts Would Kill NEH, NEA
In an effort to shrink federal bureaucracy by cutting spending, President-elect Donald Trump and his administration reportedly intend to eliminate the National Endowments for the Humanities and the Arts.
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The Weekly Scorecard: Tracking Unit Print Sales for Week Ending January 8, 2017
Unit sales of print books declined 5% in the week ended Jan. 8, 2017, compared to the similar week in 2016, at outlets that report to Nielsen BookScan.
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Industry Stocks Were Mixed in 2016
In a boom year for the stock market, which included a 13.4% gain for the Dow Jones Industrial Average, the Publishers Weekly Stock Index rose 11%.
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Holiday Comp Sales Fell 9% at B&N
With store traffic failing to significantly improve after the election, Barnes & Noble's sales did not meet expectations over the holiday period.
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A Dull Holiday Season?
Without a hot book or hot category—like last year's adult coloring book phenomenon—unit sales of print books have fallen 6% since Thanksgiving compared to the same period in 2015.
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'Cursed Child' Boosts Kids' July Sales
The July publication of 'Harry Potter and the Cursed Child' helped raise sales in the children's/young adult segment 31.1% in July over a year ago. July sales of adult books fell.
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Australian Publishing Is Losing the Copyright Fight
Among the key proposals made by the Australia Productivity Commission is backing the call for ending restrictions on parallel book imports before the end of 2017.
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Potter Lifts Scholastic Results
Trade sales in the quarter ended November 30, 2016 jumped 60% at Scholastic over the comparable period a year ago, led by the market strength of several Harry Potter titles.
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European Publishers Sold $23.3 Billion in Books in 2015
The 28 countries that are members of the EU generated €22.3 billion ($23.36 billion) in total annual sales in 2015, up slightly from €22 billion in 2014, according to a new report by the Federation of European Publishers.
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Publishing Revenue Fell 7% at Wiley
Sales in John Wiley's newly-created publishing segment fell 7% in the second quarter ended October 31, 2016 compared to a year ago. Book sales fell 9% in the quarter.
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Industry Stocks: November 2016 Performances
The Publishers Weekly Stock Index fell 3.8% in November as the share prices of five companies on the PWSI fell in the month and prices of another five rose.
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B&N Second Quarter Sales Fall 4.0%
Barnes & Noble attributed its overall decline in the quarter—which saw retail group sales fall 3.5%, and comparable store sales drop 3.2%—to lower store traffic.
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Adult Books Sales Fell in First Half of 2016
Sales of adult trade books dropped 2.8% in the first half of 2016 compared to the same period in 2015, according to figures released by the Association of American Publishers. Sales in the children’s/young adult segment, meanwhile, rose 0.9% in the same period.
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Hachette Book Group Sees Revenue Up Over 12% in Q3
The 12.9% gain in the quarter at HBG USA excludes results from the Perseus publishing group, which Hachette bought in March. HBG CEO Michael Pietsch said the purchase had a "sizable" and "positive" impact on the house's top line.
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Indigo Sales Rise 5.4%
With revenue up 5.4% in the quarter ended Oct. 1, 2016 over the same period a year ago, Indigo CEO Heather Reisman said she is feeling confident about prospects for the holiday season.
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Earnings Up at HC in Q1, Despite Sales Decline
First quarter earnings for the period ended September 30, rose 14% over the comparable quarter a year ago at HarperCollins, although revenue dropped 5%.
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Industry Stocks: October 2016 Performances
CBS, parent company of Simon & Schuster, was the only company on the Publishers Weekly Stock Index to have an increase in its stock price in October.
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Trade Unit Bright Spot for HMH
Sales in Houghton Mifflin Harcourt's trade division rose 5.9% in the the third quarter ended September 30, 2016 compared to a year ago. With sales in the education group down, total revenue at HMH dropped 7% in the quarter.
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Sales, Earnings Rise at S&S in Q3
Revenue increased 11% in the third quarter of 2016 at Simon & Schuster, while and earnings rose by $1 million, to $44 million.
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