Waterstone’s Hopes They’re Improving from Terrible to Poor They try to sugar-coat it, but UK-based retailer HMV and their bookselling unit Waterstone’s continue to struggle with their turnaround plan. Overall full-year results at HMV were a little worse than analysts were expecting, with sales of 1.894 billion pounds, and pre-tax profit of just 48 million pounds. At Waterstone’s full year sales of 537.5 million pounds were up 28 percent overall with the integration of Ottakar’s, but down 4.1 percent on a same-store sales basis. Operating profit continues to be slim, at 16 million pounds down considerably from 21 million pounds […]
