Courier Reports Sales Up, Earnings Down Due to Plant Closure

“We felt the same pressures as most U.S. trade publishers this quarter,” said Conway. “Weakness at any major retail chain places a premium on effective merchandising throughout the rest of the channel network. On the other hand, many of the books we publish have strong and vocal consumer constituencies. Thousands of students and teachers regard REA’s test-prep materials as simply the best available and actively seek them out. Similarly, Dover’s innovative products and ’long-tail’ backlist continue to draw enthusiastic consumers of all ages, helped by one of the most sophisticated direct marketing operations in the industry.”