UK Retail Stays Soft Retailer HMV (owner of the UK’s Waterstone’s) reported full-year results in line with expectations, so the press focuses on the company’s prediction that the UK retail market will remain sluggish. While the Harry Potter release will lift sales numbers, it won’t do much for profits. CEO Alan Giles says, “It’s clearly going to be a hugely competitive market for that title, I don’t think there’s going to be a lot of gross margin in it for anyone, but we’re not expecting that.” In a conference call, Giles also indicated, “Things have improved a little bit since […]
