From The Bookseller:
Hachette UK’s revenues were down 6.7% in the third quarter of 2018, due to a lighter release schedule and decline in sales in its education segment, its parent company Lagardere has reported. The fall in sales in the UK has been attributed “mainly” to an absence of curriculum reform, which also affected France and Spain’s performance.
David Shelley, Hachette UK’s c.e.o., conceded overall the third quarter had “fewer major releases for HUK”, but pointed to “some unexpected bestsellers and strong backlist and e-book sales”. He also said Hodder Education’s results “tracked the market, which was muted in September due to distance from the last curriculum change”.
The dip is comparably better than it was in the third quarter of 2017, when sales dropped 13.5% following the success of Harry Potter and the Cursed Child (Little, Brown) the previous year.
. . . .
Of the publisher’s performance in third quarter 2018, Shelley commented that digital publisher Bookouture had enjoyed “a very good summer with sales in the UK up year on year and significant growth coming from the UK and Australia” while John Murray Press enjoyed its second best ever month in August.
Link to the rest at The Bookseller