In other news, CBA reports an 8.55% sales increase for its member stores in 2012. However, most independent Christian stores reported declines or flat sales, with a few higher-performing stores upping the average.
Ebook revenues flattened out in January (the latest month for which data is available), prompting speculation that the rapid rise of digital books is beginning to stall. The anemic January 2013 performance is attributed to a comparison with January 2012 with ebook revenues driven heavily by the success of young adult series like The Hunger Games. For both print and ebooks, YA revenue declines outpaced those in other categories.
In other news, BEA (BookExpo America) 2013 predicts there’s a strong season ahead for children’s publishers, claiming the YA category continues to draw the most attention and buzz.
Melissa Endlich, senior editor for Harlequin’s Love Inspired Books tweeted that Love Inspired will increase its output of releases from 168 to 192 books per year.
HarperCollins Christian Publishing (HCCP), the parent company of Zondervan and Thomas Nelson, has announced the formation of Zondervan Gift Books. The new division will place "a strong focus" on inspirational gift books, devotionals and journals, company officials said.