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Dwindling Book Sales Create Gloomy Atmosphere For Book Expo

The New York Times has an article that discusses diminishing book sale figures and less enthusiasm about the upcoming Book Expo.
Publishers sold 3.08 billion copies in 2008, down 1.5 percent from the 3.13 billion copies sold the previous year, according to Book Industry Trends 2009, an annual report that analyzes sales in the United States. Higher retail prices helped to lift net revenue just 1 percent, to $40.3 billion from $39.9 billion.

The numbers confirm a litany of dreary news that has emerged from the publishing industry since last fall, when booksellers began seeing significant declines in store traffic. The trend has not abated this year, as publishers have continued to report double-digit sales declines. Borders Group announced Tuesday that first-quarter sales dropped 12 percent.

Against this backdrop, publishers, authors, booksellers and librarians are gathering in New York for BookExpo America, the industry's annual convention, which runs through Sunday.
The 12% Q1 sales drop at Borders is depressing but it really isn't that different than what other industries are experiencing during the recession. In fact, some industries reported far worse Q1 sales figures. This should mean that book sales should return once the economy rebounds.

Posted on May 29, 2009
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Christian Book Expo Canceled For 2010

Publisher's Weekly reports that the first Christian Book Expo in Dallas was not a success due to poor attendance. The event won't be held next year.
The show won't go on in Dallas. The Christian Book Expo, an innovative consumer-focused book show, won’t be repeated next year. The board of Evangelical Christian Publishers Association, show sponsor, decided not to stage another event in 2010. Attendance at this year's show, held March 20-22 at the Dallas Convention Center, was 1,500; organizers had hoped for 10,000 to 15,000. The show left the organization with a $250,000 shortfall, according to ECPA president and CEO Mark Kuyper. "We want to clean up the debt before we consider future options," Kuyper told PW in an e-mail.
There is a great market for such an Expo, but the timing couldn't have been worse for the Expo's debut year. With the recession and massive cutbacks in consumer spending, this just wasn't the best time for a new book convention.

Posted on April 29, 2009
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Hero Pilot Sullenberger to Speak at BEA

Hero pilot Captain Chesley B. Sullenberger, III will be a guest of honor at Book Expo America this year.
Sullenberger, who became a household name after safely landing US Airways flight 1549 in the Hudson River, is set to appear on Saturday, May 30 at 3:00 pm. Sullenberger, who signed a two book deal with William Morrow worth a reported $3 million, will be delivering a speech and signing promotional material; he will be appearing on one of BEA's two author stages at the Javist Center.
Captain Sullenberger will be a draw in a year in which BEA is seeing a decrease in the number of exhibitors because of the recession.

Posted on April 2, 2009
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