HarperCollins UK CEO Victoria Barnsley has warned the industry is not likely to return to pre-recession glory after figures released by Nielsen BookScan for the first 24 weeks of the year, revealed a fall in the total value of book sales of 5.7% and eight of the top 10 publishers saw a drop in sales in 2010: “Our business needs to change, regardless of whether there is a recession or not. The economic situation has merely hurried the process along . . . To be honest, I don’t anticipate the market ever returning to pre-recession levels in its current form.” […]
