German Chain Thalia On Track for A Billion Euros in Sales

In German Buch News by Siobhan O'Leary

thalia

By Siobhan O’Leary

Worldwide revenues for Germany’s largest book chain Thalia have increased by 9.3% to a total of 498 million euros for the first half of 2010. (However, in a pure apples to apples comparison taking new store openings into account, that increase drops to only +2%). Parent company The Douglas Group reports that Thalia is on target to reach the billion euro mark by the end of the year.

As reported in the Boersenblatt, sales at Thalia’s German branches and on buch.de are up a total of 8.9% (380 million euros), though most of the increase is attributed to improved online sales. The 232 German retail stores in the chain have seen a meager sales increase of 0.3% (and, in fact, a slight decrease of 0.7% in direct comparison to last year). Douglas also announced that it is planning to open five to ten new Thalia bookstores.

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.