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Harlequin Seems Unaffected by US Economy

Harlequin posted revenue gains of 2.4% in the third quarter.  There was a decline of earnings due to "unfavorable exchange rates" and flat profits. Sales continue to slide in the North American direct to consumer division (which is, I believe, it's subscription and direct sales through its site to consumers) but there have been strong gains in the retail market and the digital manga sales in Japan.  Harlequin believes it will have a good fourth quarter despite the flagging US economy.

Via PublishersWeekly .

Jane Litte is the founder of Dear Author, a lawyer, and a lover of pencil skirts. She spends her downtime reading romances and writing about them. Her TBR pile is much larger than the one shown in the picture and not as pretty. You can reach Jane by email at jane @ dearauthor dot com

2 Comments

  1. MaryK
    Oct 31, 2008 @ 12:20:28

    I was going to say that if they revamped their website, maybe their sales wouldn’t be sliding; but it looks like they have redesigned it since I last attempted to shop there.

  2. Kat
    Oct 31, 2008 @ 19:37:33

    Nice to hear some positive news from a publisher for a change…

    I wonder how romance, mystery, and other “fun/light” novels fare in economic downturns compared to other items? You know that saying about how ice cream and lipstick sales tend to go *up* in bad times because they are both small, inexpensive treats that make people feel better? Wouldn’t a paperback like a Harlequin fill that role as well?

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