German Buch News: Thalia Bookstore Sales Up 7.5%

In German Buch News, News by Siobhan O'Leary

By Siobhan O’Leary

thaliaBooksellers in the US and UK may be struggling, but the latest news from Thalia —  Germany’s largest book chain — is actually encouraging. Parent company Douglas AG announced a 7.5% increase in sales for the period from October 2008 to June 2009, for a total of 618.6 million euros, reports buchreport.de. However, a large part of of this growth can be attributed to the opening of new stores chain and a more accurate assessment, discounting the additional space, puts the growth rate at 0.8%.

German kids sure do love their books. According to a survey conducted by Ehapa (a company which tracks the the media consumption habits of  German 6 to 13-year-olds) some 90% of children said they read periodicals or books (books on their own came in at 82%). Last year those numbers were slightly lower, at 86% and 79% respectively, according to a brief summary of the report published in the Boersenblatt. Nevertheless, it’s candy that wins out over all: In the past year kids spent most of their money on sweets, periodicals, and ice cream — in that order.

About the Author

Siobhan O'Leary

Siobhan O’Leary is a literary agent, translator and writer based in Berlin. She previously worked in the Foreign Rights department of the Crown Publishing Group (Random House) and at the publishing consulting firm Market Partners International.