Christian Retailing

NEWSLETTERS Current Issue CBA: Christian store sales up in 2013
CBA: Christian store sales up in 2013 PDF Print E-mail
Written by Christine D. Johnson   
Thursday, 08 May 2014 11:09 AM EDT

CBALogo-webChristian stores sales saw an increase of 2.9% in 2013 over 2012, according to the 2014 CBA State of the Industry Report released this week, but consumer buying patterns shifted dramatically in 2013, according to the Christian retail association.

Fourth-quarter 2013 sales were down 6.9% in 2013, but sales were up in the second and third quarters, 12.6% and 8.8%, respectively, according to data from CBA’s CROSS:SCAN sales reporting service. CBA noted several factors affecting sales: earlier shopping for Christmas, economic uncertainty and limited fourth-quarter product-release performance.

The number of Christian retail store closings also increased.

“Store closings increased to a 49 net loss in 2013 from 39 in 2012,” CBA reported. “The loss is less than 2011’s peak of 63 stores. The loss of mid-level chains drastically cut store counts, including the closure of 38 Cokesbury stores that consolidated into one Internet-only store (not counting 19 seminary stores). Eighteen new stores opened in 2013, up from 15 in 2012. About 63% of Christian stores have been in business more than 15 years.”

In terms of category sales, church supplies had the largest category increase, according to the report. Gift and specialty categories were up about 6% in unit share and about 3% in revenue share.

CBA added select data to the report this year from a CBA Christian-supplier CEO survey.

“About 32% of CEOs responding reported flat or no growth,” CBA said. “Most suppliers reported growth rates of less than 5%, while 28% of respondents reported 10% or more growth.”

 

In this current issue:

Report: LifeWay eyes site for new headquarters

News image

LifeWay Christian Resources has entered talks to purchase a 1.6-acre...

READ MORE

2015 ICRS to expand international offerings

News image

An expanded international program at the 2015 International Christian Retail...

READ MORE

Chris Tomlin marks biggest tour yet with CURE partnership

News image

More than 200,000 people attended GRAMMY-winner Chris Tomlin's Love Ran Red Tour...

READ MORE

Award-winning author Vicki Courtney signs multi-book deal

News image

B&H Kids, the children’s imprint of B&H Publishing Group, has...

READ MORE

B&H, LifeWay take home six SEPA Awards

News image

B&H Español and LifeWay Español won a combined six awards...

READ MORE

CR Update takes Memorial Day break

News image

The Christian Retailing Update newsletter will not sent Monday, May...

READ MORE

Industry veteran joins Eerdmans as new editor-in-chief

News image

William B. Eerdmans Publishing Company, an independent family-owned publisher since...

READ MORE

2015 Christy Awards announces event speakers

News image

The 2015 Christy Awards for excellence in Christian fiction will...

READ MORE

LifeWay prayer event taps into Kendricks' new film theme

News image

LifeWay Christian Stores will be holding a War Room Day of...

READ MORE

Send The Light launches new 'user-friendly' website

News image

Send The Light Distribution (STL) rolled out a brand new...

READ MORE

B&H books launch alongside Kendricks' 'War Room' film

News image

War Room, the highly anticipated fifth film from Alex and...

READ MORE

Audio Adrenaline's latest album debuts atop 'Billboard' chart

News image

Two-time GRAMMY Award-winning group Audio Adrenaline's latest album, Sound of...

READ MORE
100%
-
+
0
Show options

a