Costco Wholesale Corp. ecommerce sales grew at nearly twice the rate of net sales in Q3, which also marked the sixth consecutive quarter of double-digit year-over-year online growth.
Costco ecommerce sales grow more than 10% again in Q3
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The New York Times today launched “The New York Times Travel Magazine 新视线.” The magazine will be published by Huasheng Media and circulated six times a year throughout mainland China. It will combine curated travel coverage and photographs from The New York Times, along with original local content. The Travel Magazine 新视线 will be distributed in Beijing, Shanghai, Xi’an and Shenzhen, among other cities, and available at newsstands, in bookstores and boutiques, as well as luxury hotels, high-end stores and airport VIP lounges. On the launch, Xuan Feng, the editor-in-chief of the magazine said, “Over the decades, the travel industry has rapidly grown in China and Chinese readers have shown that they want more in-depth travel stories as well as more immersive trips inspired by those stories.” Mr. Feng also serves as the editor-in-chief of T Magazine China. Click Read More below for additional detail.
Oprah Winfrey's monthly magazine will cease printing after its December 2020 issue, according to a report by Business of Fashion. Asked for comment, a rep for Hearst Magazines emphasized to The Hollywood Reporter that the brand is not going away but will become "more digitally centric." Said Winfrey in a statement: "I'm proud of this team and what we have delivered to our readers over the past 20 years. I look forward to the next step in our evolution."
Sales of print books continued to ride a hot streak into February with units jumping 25.7% in the first week of the month over the first week of February 2020 at outlets that report to NPD BookScan. The increase was the highest yet this year, and unit sales of print books were up 22.1% through February 6, 2021. Once again, all six major categories had double-digit sales increases over 2020, with sales in the young adult segments skyrocketing; fiction was up 55.7%, and the small nonfiction category rose 67.3%. The latter category benefited from the release of Brave by Sissy Goff, which landed in second place in its first week on sale and led to a 158% jump in sales in the social situations/family/health sub-category. The jump in fiction sales was spurred by the release of two new titles: Star Wars, The High Republic: Into the Dark by Claudia Gray topped the category bestseller list, selling more than 17,000 copies in its first week on sale, while Scott Cawthon’s The Twisted Ones sold over 9,000 copies.