In other results, Courier Corporation reported fourth quarter sales of $76.3 million, down 5 percent, with net income falling over 23 percent to $7.2 million. Sales fell 18 percent in their publishing division to $16.4 million and income fell further at $1.1 million, versus $2.6 million earlier. Their Creative Homeowner line, which was hit early by the declining economy, continued to shrink, with sales down 33 percent in the fourth quarter, “reflecting the continuing nationwide housing crisis and resulting reductions in store traffic at home improvement centers.” Among the cutbacks, they will no longer distribute other company’s books through Creative […]
