Trade Remained Publishing’s Brightest Spot in 2017
The release late last month by the Association of American Publishers of its final sales estimates for 2017 highlighted a number of trends. Although total sales were down only marginally in 2017 compared to 2016, industry sales have now fallen for three consecutive years, dropping roughly 6% between 2014 and 2017, when sales were estimated at $26.23 billion.
During the 2014–2017 period, of the four major categories tracked by AAP, only the trade segment recorded gains. Indeed, between 2014 and 2017, while overall industry sales fell 6%, trade sales managed to rise 3.4%. Between 2014 and 2017, the professional publishing segment had the steepest decline, with sales falling 24.2%. Sales in the higher education market dropped 18.0% and pre-K–12 segment sales were off 24.2%. All three segments are dealing with changing expectations from their customers. But in something of a bright spot, all…
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