Courier Reports Education Sales Up, Borders Fallout Induces Loss

“The healthy market for college textbooks in general, and customized editions in particular, drove the strongest growth in our manufacturing segment,” said Conway. “In the religious market, we had a very good quarter with our largest customer, continuing the momentum from an outstanding second quarter and extending our Scripture distribution partnership into more than 100 countries. But while we had expected trade sales to be off following the Borders bankruptcy, the slump proved deeper than we had anticipated, with many trade publishers holding back on ordering and others reducing quantities in the face of a diminished sales channel.