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Bookstore Sales Rise for 8th Straight Month

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MAIN NEWS HEADLINES
April 21 – May 1, 2008 Edition

Bookstore Sales

Rise for 8th

Straight Month

NEW YORK, NY/4/22/08–Preliminary figures recently released by the Bureau of the Census reflect an increase in bookstore sales in February 2008 of 11.4 percent, compared to February 2007. This was the eighth consecutive month that retail sales at bookstores exceeded the previous year’s results, the American Booksellers Association reported last week.

February 2008 bookstore sales are estimated at $1,128 million, compared to sales of $1,013 million for the same period last year.

The Census Bureau also adjusted its preliminary estimates of January 2008 figures downward slightly, from $2,278 million to $2,275 million, bringing the increase in bookstore sales this past January to 4.6 percent, the report said.

Overall total retail and food service sales were also up in February. Retail sales were $351 billion in February 2008, compared to $327.6 billion in February 2007, an increase of 7.2 percent.

Estimates reflect sales of all types of participating bookstore, including trade, college, religious, chain stores (including superstores), and others. A bookstore is defined as any retail establishment with sales comprised of more than 50 percent new books and periodicals, and estimates include sales of all products in these stores.