Following the results of Waterstones in the UK is confusing, for two reasons. The first is that the privately-held company releases data on a delayed basis; in late January or early February, they file a government document that shows sales for the fiscal year ending the previous April. (So their results for the year ending April 2014 have just been filed.) The other reason is that the UK media is continuously eager to focus on how Waterstones is being saved, and managing director James Daunt is always ready with provocative quotes to fill the stories. Looking just at the numbers, […]