August Bookstore Sales: Glass Half Full?
August bookstore sales of $2.081 billion were up just 1.9%
from the same period a year ago, according to preliminary estimates
from the Census Bureau. The gain marked just the third time this year
that sales in a particular month were higher this year than in the same
period last year.
The gain occurred during a summer of steadily rising energy costs and mixed results in retailing. (Hurricane Katrina had no effect on the figures since it occurred at the very end of the month.) Perhaps August results were aided by a Harry statistical lag?
For the year to date, bookstore sales are $10.332 billion, down 2.2% from last year's January-August sales.
By comparison, general retail sales in August rose 10.2% to $329.4 billion, and for the year to date, sales have risen 7.8% to $2.458 trillion.
The gain occurred during a summer of steadily rising energy costs and mixed results in retailing. (Hurricane Katrina had no effect on the figures since it occurred at the very end of the month.) Perhaps August results were aided by a Harry statistical lag?
For the year to date, bookstore sales are $10.332 billion, down 2.2% from last year's January-August sales.
By comparison, general retail sales in August rose 10.2% to $329.4 billion, and for the year to date, sales have risen 7.8% to $2.458 trillion.