January bookstore sales fell 6.9%, to $1.75 billion, compared to January 2013, according to preliminary estimates from the Census Bureau. Total retail sales in January rose 2.3%, to $390 billion, compared to the same period a year ago.
Amazon’s decision to raise the price of its popular Prime service to $99 was cheered by Wall Street on Thursday, as investors pushed the company’s stock price higher and analysts said the move could boost the online retail giant’s bottom line. Amazon is betting that Prime subscribers will accept the price hike, which the company justified by citing rising shipping costs.
Little, Brown Books for Young Readers announced on Tuesday that it would publish Mr. Richards’s “Gus & Me: The Story of My Granddad and My First Guitar,” as both a hardcover book with a CD and an ebook on Sept. 9.
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