More Bad News at Waterstone’s Same-store sales at Waterstone’s have continued their ugly decline (falling every reporting period since spring 2005) — which is even worse than it sounds, since the bar for comparison keeps getting lower. For the fiscal year to date, comparable sales fell 4.1 percent (though the company helpfully broke this down into an awful nine-week stretch at the beginning of the period, followed by a much-improved, just plain bad 12-week stretch thereafter). Gross margins declined as well, “reflecting a more promotional book market.” HMV report Personnel News The Poetry Foundation has named Jack Prelutsky to a […]
