After riding high on movie-driven sales of The Hunger Games, Scholastic has swung the other way, warning investors of multiple weaknesses in their business. In an announcement late Tuesday, Scholastic cited “lower curriculum product sales in its Educational Technology and Services segment,” as funds move to training in advance of the Common Core standards implementation–but also blamed on “a delay in purchasing decisions due to continued uncertainty regarding the federal budget.” Their book club business has also softened, both because of now “lower than anticipated US sales of The Hunger Games trilogy” and the impact of Hurricane Sandy. As result, […]
