October 16, 2020

August bookstore sales dropped 31%

Bookstore sales tumbled 30.7% in August compared to one year ago, according to preliminary estimates released by the U.S. Census Bureau. Sales fell to $754 million compared to $1.09 billion in August 2019... This drop was in marked contrast with the entire retail segment, which reported overall flat sales in August compared to a year ago... The poor August sales performance was likely due to weakness in sales at college stores as well as continued softness at trade stores.

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