Waterstone’s Still Looking for a Working Model Waterstone’s still can’t pull it together. Parent company HMV reported that same-store sales at the bookstore chain withered by another 6.1 percent for the nine weeks ending March 10 (and bear in mind that at this point, the comparison is to weak results a year ago — the bar gets lower and lower, and they remain well under it.) New CEO Simon Fox announced a plan that seems to have little or nothing to do with being a better bookseller. But in his own words, “The three-year transformation plan which I will outline […]
