Thursday, January 5, 2017

Holiday Comp Sales Fell 9% at B&N - PW (Publishers' Weekly)

Today's trip into the Catosphere took Panzer to the PW (Publishers' Weekly) site. There our busy kitty boy found a post about Barnes and Noble's retail sales figures.

Maybe I can find more news now.
According to the post by Jim Milliot, compared to 2015 Barnes and Noble reported a 9.1 percent drop in Christmas sales in 2016. The lower sales were attributed to three factors: 1) the decline in adult coloring book sales, 2) no match for last last year's phenomenal Adele album sales, and 3) less in-store customer foot traffic. It was reported, however, that online sales were up 2 percent.

Panzer says, "Now that the holidays are over, it looks like more publishing news is available and I can back to a regular posting schedule."

Note: This is a shortish-medium length post. Bring a cup of tea and half a muffin for today's reading selection.

To read the post, tootle over to Barnes and Noble

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