Cengage Summer Sales Look Good, but May Not Hold.
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| Title: | Cengage Summer Sales Look Good, but May Not Hold. |
|---|---|
| Source: | Educational Marketer. 10/7/2013, Vol. 44 Issue 20, p1-3. 3p. |
| Subject Terms: | *Partnerships in education, Sales reporting, Business revenue, Bankruptcy reorganization |
| Company/Entity: | Cencage Learning Inc. |
| Abstract: | The article focuses on the decline of market sales of college publisher Cencage Learning at 2.9 percent from May-August 2013. It states that even though the domestic learning revenue of the firm increased by 19.7 percent in August, its overall market sales decreases due to the unusual heavy orders from its channel partners. It mentions that the firm entered voluntary bankruptcy proceedings on July 2, 2013 and hope to have a court-approved financial restructuring by the end of December 2013. |
| Database: | Education Research Complete |
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