Revenues Up Numbers Down

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The end of books?

Pessimistic summary of US report on the book business, which points out that while revenues are increasing (due to price rises) both book sales and book reading are declining.

According to Ipsos, children's books had a fairly good year in 2003, with early lackluster sales jolted by the June release of Harry Potter and the Order of the Phoenix. But despite the Potter phenomenon, Rappaport said, the consumer base for children's books is actually shrinking, with 33 percent of American households buying at least one book for someone under the age of 14 in 2003, compared with 35 percent in 2002.

"Even with exciting, new and value-added books on the market," Rappaport reported recently on the Ipsos Web site, "the children's book industry has not managed to substantially increase the volume of children's book purchases or share-of-wallet."

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This page contains a single entry by achuka published on July 23, 2004 7:02 AM.

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