April Bookstore Sales Flat After Strong March

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Bookstore sales in April dipped slightly below April 2003 levels, interrupting the mostly upward trend of the last 11 months. April 2004 bookstore sales of $1,015 million were off 0.3 percent from the $1,018 million for April 2003.

As a result, bookstore sales in April failed to keep up with overall retail. Overall retail of $332 billion for April 2004 was 8.9 percent better than the $305 billion for April of the previous year.

2003-2004 RETAIL SALES for BOOKSTORES (unadjusted)

Period
2003 Final
(Millions of Dollars)
2004
(Millions of Dollars)
% Increase
2004 Over 2003
January
2,172
2,153
(0.9)
February
1,043
1,144
9.7
March
963
1,076
10.8
April
1,018
1,015 (p)
(0.3)
YTD
5,196
5,379
3.5

(p) Preliminary figure

Note: Estimates reflect sales of all types of participating bookstores, including trade, college, religious, chain stores (including superstores), and others. A bookstore is defined as any retail establishment with sales comprised of more than 50 percent new books and periodicals, and estimates include sales of all products in these stores.

Source: Bureau of the Census, Current Retail Trade Branch.