Scholastic Lowers Revenue, Profit Forecast for Fiscal 2019

Citing issues in its book fair and book club businesses in the fourth quarter ended May 31, 2019, Scholastic said it expects sales and earnings for fiscal 2019 to be below previous forecasts. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2019-06-03 04:00:00 UTC ]
News tagged with: #book fair

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Morning Brew Tops $36 Million First-Half Revenue and Launches Its 10th Newsletter

The business news publisher Morning Brew, an Axel Springer property, launched its 10th newsletter Monday morning, a product called CFO Brew that aims to reach readers in strategic and corporate finance. The publisher has grown rapidly since selling a majority stake to Insider in October 2020... Continue reading at AdWeek

[ AdWeek | 2022-07-12 10:01:54 UTC ]
More news stories like this | News stories tagged with: #news publisher #$75 million #majority stake #grown rapidly #reach readers


Wiley Sales Topped $2 Billion in Fiscal 2022

Wiley overcame a decline in its education publishing segment to post a 7% increase in revenue for the fiscal year ended April 30, 2022 and a 18% increase in operating income. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-16 04:00:00 UTC ]
More news stories like this | News stories tagged with: #operating income #7% increase


ALA 2022: Washington, D.C., to Host the First In-Person ALA Annual Conference Since 2019

After two years of virtual events, the 2022 ALA Annual Conference is set for Thursday–Tuesday, June 23–28 at the Washington, D.C., Convention Center. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-10 04:00:00 UTC ]
More news stories like this | News stories tagged with: #convention center #virtual events


Indigo Sales Topped C$1 Billion in Fiscal 2022

Driven by an increase in its physical stores, sales at Indigo Books & Music increased 17.4% in the fiscal year ended April 2, 2022, over fiscal 2021, rising to C$1.06 billion. Canada’s largest bookstore chain had an operating profit of C$29 million, compared to a loss of C$31.9 million in... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-08 04:00:00 UTC ]
More news stories like this | News stories tagged with: #bookstore chain #operating profit #physical stores #$1 billion


Audio Publishers Association: US Audiobook Revenues Reach $1.6 Billion in 2021

Growth in audiobook revenue by genre was led in 2021 by romance, self-help, and science-fiction per the Audio Publishers Association. The post Audio Publishers Association: US Audiobook Revenues Reach $1.6 Billion in 2021 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-06-07 15:41:05 UTC ]
More news stories like this | News stories tagged with: #audiobook


A new community-oriented bookstore has opened on the Lower East Side.

On Friday night, P&T Knitwear opened its doors on the Lower East Side to celebrate its grand opening. Any new indie bookstore/cafe is cause for applause, but this one in particular has a few fun bells and whistles worth mentioning! When you first walk in, what’s probably most noticeable is... Continue reading at Literrary Hub

[ Literrary Hub | 2022-06-06 15:01:31 UTC ]
More news stories like this | News stories tagged with: #bookstore #grand opening #friday night


Elizabeth Whiting to Succeed Alan Smagler at Scholastic

Elizabeth Whiting has been promoted to v-p of trade sales at Scholastic Trade Publishing, effective June 1, succeeding Alan Smagler, who will transition to a consulting role. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-24 04:00:00 UTC ]
More news stories like this | News stories tagged with: #scholastic #trade sales


EDC's Revenue Returns to Earth

After hitting a record high of $204.6 million in the fiscal year ended February 28, 2021, revenue at Educational Development Corp. fell 30.3% in fiscal 2022, dropping to $142.2 million. Net earnings declined 34.1%, to $8.3 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-19 04:00:00 UTC ]
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Q1 Bookstore Sales Up 16% over 2021, But Trail 2019

March bookstore sales increased 12.5% over a year ago, contributing to a 16% gain in the first quarter of 2022 over the comparable period in 2021. The $1.99 billion in 2022 first quarter sales, however, was 2.5% below the first period of 2019. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-17 04:00:00 UTC ]
More news stories like this | News stories tagged with: #bookstore sales #16% gain #quarter sales


Profits Fell 16% at HarperCollins

Higher manufacturing and freight costs, and ongoing supply chain and inflationary pressures, resulted in a 16% drop in earnings at HarperCollins for the quarter ended March 31, 2022. Sales rose 5%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-06 04:00:00 UTC ]
More news stories like this | News stories tagged with: #harpercollins #inflationary pressures


An Easter Surprise in the States: 30 Million More Books Sold Than in 2019

Holiday print sales in children's books helped the US market gain 3 percent in the week ending April 16. The post An Easter Surprise in the States: 30 Million More Books Sold Than in 2019 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-04-25 18:01:38 UTC ]
More news stories like this | News stories tagged with: #books sold #print sales #books helped


The profiteers of the coronavirus pandemic

When the outbreak started, many saw a chance to make a buck, writes J. David McSwane Continue reading at The Washington Post

[ The Washington Post | 2022-04-22 12:00:17 UTC ]
More news stories like this | News stories tagged with: #coronavirus pandemic


America's Biggest Publishers Keep Posting a Profit

The four of the Big Five publishers to release their financial results publicly all saw strong increases in earnings in 2022. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-04-01 04:00:00 UTC ]
More news stories like this | News stories tagged with: #strong increases #biggest publishers


Trump swooped in to profit from White House photographer’s book deal – report

Ex-president blocked Shealah Craighead plan and then made up to $20m from publishing images in own memoir, New York Times saysDonald Trump blocked plans by his chief White House photographer to publish a book of pictures of his time in power – then published a book of such images himself, the... Continue reading at The Guardian

[ The Guardian | 2022-03-31 22:37:41 UTC ]
More news stories like this | News stories tagged with: #book deal #books selling


Scholastic Posts Gains in Q3, Eyes Higher Costs

Revenue at Scholastic rose 24% for the third quarter ended February 28, 2022, over the prior year period, and the company cut the quarterly operating loss. While sales trends remain favorable, the company said that it is working on ways to control higher prices for paper, printing, and freight,... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-03-18 04:00:00 UTC ]
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ABC's 'Abbott Elementary' and Scholastic bringing free book fairs to two L.A. schools

ABC, home of freshman comedy 'Abbott Elementary,' has partnered with Scholastic to host free book fairs at seven Title 1 schools between March 14-18. Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-03-11 21:00:48 UTC ]
More news stories like this | News stories tagged with: #scholastic #free book #abbott elementary


Wiley on Track to Top $2 Billion in Sales in Fiscal 2022

Despite a number of challenges, third quarter revenue at John Wiley rose 7% over the comparable period in fiscal 2021 and the company is poised to have sales exceed $2 billion for the first time in its history. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-03-10 05:00:00 UTC ]
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Indigo Sees 17.9% Revenue Jump in Latest Quarter

Indigo Books & Music, Canada's leading book retailer, reported strong results for its third quarter ended January 1, 2022 with revenue up 17.9% and earnings jumping. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-02-14 05:00:00 UTC ]
More news stories like this | News stories tagged with: #latest quarter


W H Smith sales hit 85% of 2019 levels after good Christmas trading

W H Smith has reported a "good performance" for the 20-week period to 15th January 2022, with total group revenue at 85% of 2019 levels.  Continue reading at The Bookseller

[ The Bookseller | 2022-01-18 20:43:57 UTC ]
More news stories like this | News stories tagged with: #w h smith #good performance


Pearson profits set to rise 33% as Bird repositions business

Pearson has seen full-year group sales up 8% in 2021 with profits expected to boom by a third, the company revealed in a trading update. Continue reading at The Bookseller

[ The Bookseller | 2022-01-18 18:17:49 UTC ]
More news stories like this | News stories tagged with: #pearson #trading update #company revealed