The Bookseller highlights cheerful remarks from Waterstone’s managing director James Daunt that their three-year turnaround plan is “on track” after the company’s results — already dated — through April 2013 were revealed. The silver lining is that sales only fell 3 percent, and their operating losses were also smaller. Daunt adds: “We put together a plan three years ago and we think we have delivered pretty much to the plan. These results are clearly a step forward but we have much more to do.” As you can see, sales at the chain are down 30 percent from their peak 5 years […]
