French, Italian markets on the mend
According to the French Booksellers Association, sales from independent booksellers were up 29% between 12 May and 12 July, compared to the same time last year. Despite that, figures are still down 14% year-on-year since 1 January.
French Publishers Association president Vincent Montagne predicted the year-on-year decline would hold steady at 15% or less come December, instead of the the 30% decline that was expected when lockdown began. Montagne attributed this in part to the €230 million (A$377.3m) the French government has allocated to the sector since the crisis.
Meanwhile, the Italian Publishers Association has reported that year-on-year revenue loss has improved from –20% in April to –11% in July. According to Nielsen’s Arianna data service—which excludes Amazon—sales were up 2.5% year-on-year in the week ending 19 July. Physical bookshops are also regaining market share from online stores.
The Italian Publishers Association said, ‘The next few months will reveal whether bookstores and large-scale distribution will continue to recover, or if the period of closure has accelerated a reinforcement process of online channels that has been underway for years now.’
Category: International news