Print revenue up for Canadian indies in 2017–18
In Canada, industry research group BookNet has revealed 65% of indie booksellers saw increased revenue from new print book sales between 2017–18, reports Publishing Perspectives.
The report, called What’s in Store: The state of independent bookselling in Canada in 2018, surveyed 63 independent, predominantly English-language, bookstores with 80 locations, and found that, on average, frontlist titles accounted for 37% of a store’s revenue, with backlist titles accounting for 31% and non-book merchandise accounting for 16%.
About nine out of ten stores reported a positive return on investment (regarding money, time and effort) spent on books by Canadian authors, with booksellers tending to stock most of their Canadian-authored titles within adult fiction and nonfiction.
The full report, which includes results on advertising and marketing, foot traffic, accessibility and operations spending, can be read here.
Category: International news