On Friday, Indigo announced results for the first quarter of fiscal year 2022 ended July 3, with sales of CA$172 million, up from $135 million last year, an increase of 27.4 percent. The net loss for the quarter was $21.9 million, compared to a $31.6 million loss last year. Print sales for the quarter were $104.6 million, up from $84.1 last year, driven by BookTok’s influence on backlist sales, particularly for teens, bringing a younger audience to their online business. Retail revenue increased 114.8 percent to $90.2 million, driven by store pick-up, which was up almost five times over last […]
Forthcoming: More in Chelsea Clinton’s “She Persisted” Series
Chelsea Clinton’s “She Persisted” series will expand with another picture book and a line of chapter books, Philomel announced. SHE PERSISTED IN SCIENCE: Brilliant Women Who Made a Difference, written by Clinton and illustrated by Alexandra Boiger, will release on March 1 and feature Florence Nightingale, Zaha Hadid, Gladys West, Jane Goodall, Greta Thunberg, and others. The series will continue in 2022 with 10 more chapter books written by other authors on prominent figures, including Kelly Starling Lyons on Coretta Scott King and Aisha Saeed on Malala Yousafzai. Clinton will write the introductions.
BookTok, Store Pick-Up Drive Indigo Gains
On Friday, Indigo announced results for the first quarter of fiscal year 2022 ended July 3, with sales of CA$172 million, up from $135 million last year, an increase of 27.4 percent. Print sales for the quarter were $104.6 million, up from $84.1 last year, driven by BookTok’s influence on backlist sales, particularly for teens, bringing a younger audience to their online business. Retail revenue increased 114.8 percent to $90.2 million, driven by store pick-up, which was up almost five times over last year. Online sales were more than three times that of pre-COVID levels. During the quarter, Indigo reopened […]
People 8/12
At Viking Penguin, Rebecca Marsh is promoted to director of publicity and Sara Leonard is promoted to publicist.
Children’s Non-Fiction Remains Strong
NPD reports that this year’s print children’s nonfiction sales through the week ending July 24 are down just 5 percent—2 million units—from the historic high of 2020, and up 23 percent—6 million units—over 2019. The biggest BISAC categories this year are biography and autobiography, which grew 23 percent, and science and nature, which grew 9 percent, while activity books, study aids, games and activities, and concepts dropped. “While a number of juvenile non-fiction categories declined compared to 2020’s unprecedented spike in sales, the overall unit-sales volume for this supercategory remains very strong historically,” NPD book industry analyst Kristen McLean said. […]
People 8/11
Penguin has reorganized their marketing and publicity teams. Riverhead and Viking Penguin will now have individual dedicated marketing and publicity departments.