Waterstone’s Keeps Falling Waterstone’s continues to take a pounding, with same-store sales for the past nine weeks down 6.1 percent. This time they blame the distractions of the World Cup, along with the uncomfortable fact that other large companies are selling the same products at discount. As part of the announcement, parent HMV said they will close three Ottakar’s offices and lay off over 100 people, consolidating operations into the Waterstone’s head office. They expect to change all of the Ottakar’s 142 locations to Waterstone’s outlets before the end of the year, and have told investors they expect the acquisition […]
