Bookstore Sales Rise in June, But Down for Year
For only the first time this year, bookstore sales rose in June, increasing 3.4% compared to June 2008, to $1.10 billion, according to preliminary estimates from the U.S. Census Bureau. Despite the June gain, bookstore sales for the first six months of 2009 were down 2.7% compared to the first half of 2008, with sales falling to $7.41 billion. Sales are from stores that generate at least half of their revenue from books and include college bookstores. The book segment has outperformed the retail market in general; sales for the entire retail sector fell 7.6% in June and 9.8% for the first six months of the year.