February Bookstore Sales Sluggish
Bookstore sales turned downward in February after a brief upturn in January. February retail sales for bookstores of $1,069 million were 4.3 percent lower than the $1,117 million generated in February 2002.
Overall retail sales of $271 billion for January 2003 were 3.0 percent ahead of the $263 billion for the previous year. February is the 13th month in a row in which bookstore sales failed to keep pace with overall retail.
As a result of a change in underwriter, LIBRIS insurance policyholders are receiving a "Notice of Nonrenewal of Insurance" from Fireman's Fund Insurance regarding their business owners package and workers' compensation coverage. "There is no reason for concern," said Michael Hoynes, ABA marketing officer.
This month's feature from BookSense.com Director Len Vlahos updates booksellers on the latest improvements and enhancements to BookSense.com.