Courier’s Strong Quarter for Book Manufacturing Boosts Its Results

“The Borders bankruptcy and liquidation continued to cast a shadow over the entire industry for much of our fiscal year,” said Conway. “The effects lasted right through our fourth quarter, when Borders liquidated the remainder of its more than 600 original stores. In addition, e-books continued to account for a growing share of total trade books sold. Between these two factors and the unsettled economy, it was a challenging year for trade publishers everywhere, Courier included. We were partially able to compensate through increased sales to online retailers, and we began reaping significant benefits from our outreach to the major nationwide retail chains.