Record Retail For Romance Novels

While some book publishers are hurting with the down economy, the romance-novel business has never been better. Harlequin reports “a revenue increase of 3.5%, to C$618.1 million ($414 million), combined with better operating efficiencies to produce record operating profits of C$119.2 million ($80 million). The company’s 4th quarter was particularly strong, “when revenue increased by 8.6%, to C$164 million, and operating profit jumped 31.7%, to C$30.8 million.”