Bookstore Sales Down First Time in Two Years
After 24 months of uninterrupted growth, bookstore sales dropped below their performance of a year ago. Preliminary February sales figures of $1,066 million lagged 8.3 percent behind the $1,163 million of February 2001. This decrease is in stark contrast to the nearly 29 percent increase in sales shown in January of this year.
For the same period, overall retail managed a modest increase. Overall sales of $263 billion for February were 3.5 percent over the $254 billion for the previous February.