Pearson released results for the six-months ending June 30 on Friday morning, with COVID-related impact weighing heavily on their sales. The company reported sales of £1.49 billion, down from £1.83 billion last year, a decline of 19 percent largely due to test center and school closures affecting its global assessment and international segments. North American courseware, including US higher ed, declined 14 percent, though they attributed it to the longer-term collapse in sales and conversion to lower-priced digital products (“due to the continuation of trends seen in 2019”), citing only “a modest impact from the closure of campus-based bookstores.” Adjusted […]
