K-12 Course Material Sales Drop by $182M YTD
- By Dian Schaffhauser
Sales of course materials for K-12 plummeted by $182 million between June 2019 and July 2020. That's a 25 percent drop, according to the Association of American Publishers. Sales for July 2020 in that segment totaled $549.3 million.
Total sales in the K-12 category of publishing totaled $1.458 billion for the seven-month period of January 2020 through July 2020, down from $2.035 billion over the same period last year, a decline of 28 percent.
Overall education revenues for K-12, higher ed, professional books and universities presses were down 18.7 percent year-to-date, totaling $2.84 billion.
The APP generated the statistics from publisher net revenue, including sales to bookstores, wholesalers, direct to consumer, online retailers, etc. The data covered revenue information from 1,360 publishers.
Dian Schaffhauser is a former senior contributing editor for 1105 Media's education publications THE Journal, Campus Technology and Spaces4Learning.