Friday, January 14, 2011

Bookstore Sales Up in November

Bookstore sales posted their first monthly increase since January in November, with the U.S. Census Bureau reporting that preliminary November sales rose 5.3%, to $1.09 billion. Results include all sales reported by bookstores and November numbers could reflect the increase in digital reading devices sold by bookstores, especially at Barnes & Noble. The numbers also reinforce reports that the Thanksgiving weekend was a good one for many bookstores, including independents. For the first 11 months of 2010, bookstore sales were still down 1.9%, to $14.41 billion. For the retail segment in general, November sales were up 9.0% and year-to-date sales ahead 6.5%.

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