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Educational Development signs distribution agreement with Usborne Publishing, allowing EDC's UBAM direct sales division access to sell Usborne titles through its sales channels, non-exclusive rights to sell to schools, libraries through book fairs

Q1 bookstore sales up 16% year-over-year to US$1.99B, while March bookstore sales up 12.5% year-over-year to US$577M, US Census Bureau reports; March increase was one of smallest in recent months reflecting improving retail environment in early 2021

Educational Development's net earnings decline 34.1% year-over-year to US$8.3M in FY 2022, while revenue drops 30.3% year-over-year to US$142.2M; home division sales plunge 34.2% to US$129M, while publishing division sales up 54.7% to record US$13.3M

Unit sales of print books fall 6% year-over-year for week ending May 15, NPD BookScan finds, with adult fiction the only category to post increase of 0.9%; sales of adult nonfiction fall 10%, juvenile fiction drops 6.8%, juvenile nonfiction drops 10.7%

Book printer Bertelsmann Printing Group recently purchased new Speedmaster XL 106-6P+L from Heidelberg for its Hicksville Plant in New York; press will replace several older presses, which produce covers, jackets, inserts for book production

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