Courier's Revenues, Net Income Rebound in First Quarter

“Facing an uncertain holiday season, some retailers ordered cautiously and worked down their book inventories,” said Mr. Conway. “REA overcame this effect with its outstanding list of new releases, while Dover did well with its value-priced strategy in areas ranging from arts, crafts and math to children’s books. Slow sales to home improvement centers hurt Creative Homeowner, though its sales through other channels rose modestly. With inventories increasingly depleted and the economy gradually improving, we expect an uptick for Creative Homeowner in anticipation of spring home and garden promotions. Meanwhile, all three of our publishing businesses are getting increasingly positive responses from retailers as they continue to implement a more agile, market-driven approach to editorial content, branding and pricing.”