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Bookstore Sales Up 6.1% In First Half of 2016

by Jim Milliot

Source: http://www.publishersweekly.com/pw/by-topic/industry-news/bookselling/article/71190-bookstore-sales-up-6-1-in-first-half-of-2016.html?utm_source=Publishers+Weekly&utm_campaign=f50a3e33e6-UA-15906914-1&utm_medium=email&utm_term=0_0bb2959cbb-f50a3e33e6-305883061

For the first half of the year, bookstore sales were 6.1% ahead of the comparable period in 2015. According to estimates released by the U.S. Census Bureau, bookstores totaled $5.44 billion in the January-June 2016 span, up from $5.13 billion a year ago.

Bookstore sales in 2016 rose every month compared to 2015, including in June when sales increased 5.0% to $770 million.

The bookstore sector performed better than the entire retail segment. Sales for all of retail rose 3.3% in June over the comparable month in 2015 and were up 3.1% for the first half of 2016.

The solid bookstore performance in the first six months of 2016 follows a 2.5% increase for all of 2015, the first time bookstore sales posted an annual gain since 2007.

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