Corona-crisis: The book loses a Million readers

The book industry lives from public events such as readings and Festivals, and from access to the stationary trade. Both was not given at the height of the Coro

Corona-crisis: The book loses a Million readers

The book industry lives from public events such as readings and Festivals, and from access to the stationary trade. Both was not given at the height of the Corona-crisis. Therefore, the industry's sales in the time of the trade, closures plummeted to 64 percent.

Georg Giersberg

editor in the business, responsible for "The economist".

F. A. Z.

in the face of zero sales in stationary trading that is even a good value. "The book was one of the items that were hoarded prior to the closure, and on the other hand, many retailers have changed in record time to shipping book dealers and at least a portion of the sales," says Karin Schmidt-Friderichs, head of the börsenverein of the German book trade. However, this revenue had been bought with a price, which, in the case of a return on sales of between 0.5 and 3 per cent fast on the substance.

having given up their business due to the slump in Sales, less than ten book distributors in Germany, suspected of Alexander Skipis, CEO of börsenverein. Exact Figures there, but still.

The Minus is probably not to catch up

Since the re-opening of the stationary shops, the industry is struggling painfully out of the crisis. Since January accrued Minus decreased until the end of may to 17.5 per cent. June was a turnover on the previous year, a very good month to pay even. Not going to catch up to the Minus but to the end of the year. Skipis assumes that this year's sales year-on-year will remain with a value of 9.3 billion euros.

Updated Date: 08 July 2020, 17:19

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