Many bookstores are dead and others continue to die. However, not all is lost. The marketplace might be finally settling down. There are millions of people who still want to read bound paper books.
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Bookstore Sales Jumped in August
After falling 4% in July, bookstore sales posted unexpectedly strong gains in August, according to preliminary estimates released by the Census Bureau. Bookstore sales jumped 11.8% in August, to $2.44 billion, an increase that likely reflects strong sales of books and other items through college bookstores and the going-out-of-business sales at Borders. With the gain in August, bookstore sales through the first eight months of the year rose 2.1%, to $10.47 billion. Sales for the entire retail market were up 8.7% in August and 8.0% in the eight-month period.