The holiday sales period ended on a high note with unit sales of print books increasing 5.8% over the week ended December 24, 2022 at outlets that report to Circana BookScan.
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L Brands, Inc. reported net sales of $794.1 million for the four weeks ended Oct. 28, 2017, an increase of 5 percent, compared to net sales of $756.7 million for the four weeks ended Oct. 29, 2016. Comparable sales increased 2 percent for the four weeks ended Oct. 28, 2017. For October, the exit of the swim and apparel categories had a negative impact of about 1 percentage point and 2 percentage points to total company and Victoria’s Secret comparable sales, respectively. The company reported net sales of $2.618 billion for the 13 weeks ended Oct. 28, 2017, an increase of 1 percent, compared to net sales of $2.581 billion for the 13 weeks ended Oct. 29, 2016. Comparable sales decreased 1 percent for the 13 weeks ended Oct. 28, 2017. For the 13 weeks ended Oct. 28, 2017, the exit of the swim and apparel categories had a negative impact of about 2 percentage points and 2 percentage points to total company and Victoria’s Secret comparable sales, respectively. Click Read More below for additional information.
Hearst announced today that it has completed its transaction with Rodale to acquire the company’s global health and wellness brands. In addition to the U.S. editions and digital expressions, the newly-acquired brands publish 62 print editions and 57 websites in 31 countries. The acquisition adds complementary health and wellness titles to Hearst’s diversified portfolio of magazine brands, encompassing 20 titles in the U.S. and nearly 300 editions and websites around the world. The announcement was made by Hearst President and CEO Steven R. Swartz and Hearst Magazines President David Carey. Terms were not disclosed. Concurrent with the close, Penguin Random House purchased the assets of Rodale Books.
Though the publishing industry seems to be in a period of malaise, there are some signs that business is improving. Earlier this week, the Association of American Publishers’ StatShot program reported an 18% increase in April sales over a year ago. That news has been followed up by Circana BookScan’s report that unit sales of print books increased 5% in May over May 2023. According to Brenna Connor, industry analyst for U.S. books at BookScan, the May increase was driven by strong Mother’s Day sales, as well as several retail promotional events. As usual, adult fiction was the biggest driver of the increase, and Kristin Hannah’s The Women was the top-selling adult title in May, pushing just over 139,000 copies.