Friday, 4 January 2013

Sales down at Foyles Bookshops over Christmas

Sales slump at Foyles but internet softens blow:

Website orders keep bookshop's losses down to 2%, but boss sees equally challenging 2013 ahead
Thinking Fast and Slow by Nobel-prize winning economist Daniel Kahneman and Hilary Mantel's Bring up the Bodies were among Foyles' Christmas bestsellers as internet sales helped counter a drop in trade at its high street stores in December.

The independent bookseller said sales at its five shops – including the flagship on London's Charing Cross Road – were down 3.7% in the 24 days to Christmas Eve, but the inclusion of website orders meant an overall fall of only 2%.

Chief executive Sam Husain said this was "a satisfactory outcome" given the economic backdrop. "We expect 2013 to be equally challenging but are convinced there will be continuing demand for bookshops whose engaged, knowledgeable booksellers are eager to share their passion for books with readers," he said.

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