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Bookstores in 2013 experience smallest sales drop in years |
Written by Jeremy Burns |
Tuesday, 18 February 2014 04:44 PM America/New_York |
Bookstore sales dropped to $13.19 billion last year, a decrease of 1.6%, according to preliminary estimates released by the U.S. Census Bureau. This is the smallest such drop since 2007. In 2012, bookstore sales fell 3.3%, while in 2011, sales plummeted 10.2%. The slighter decrease in 2013 sales also may have been buoyed by the optimism in the overall retail market, which saw sales up 4.0% last year. Bookstore sales were down 0.5% in December versus the same month in 2012, which may be due partially to the widespread snowstorms and bitter cold that has plagued much of the country. |