Wednesday, July 14, 2010

May Bookstore Sales Fell 2.6%

Reprinted with permission of Publishers Weekly

Bookstore sales fell for the second consecutive month in May, with revenue in the month down 2.6%, to $1.09 billion, according to estimates from the U.S. Census Bureau. Bookstore sales for the first five months of 2010 were down slightly, falling 0.4%, to $6.33 billion. Bookstore sales, faced with easy comparisons to a soft early 2009, nonetheless have been weak in 2010 following a relatively strong 2.7% increase in January. Sales for the entire retail segment rose 8.5% in May and 6.8% for the first five months of 2010.