As we’ve observed before, the UK press and the UK trade love the survival/revival story of bookselling chain Waterstones, regardless of what the numbers say. In the British tradition, the chain recently filed annual results for the fiscal year ending April 28, 2018 — prior to the sale of a controlling stake to Elliott Advisors — and the data shows another year of a small slide in both sales and earnings. Sales for the main group were £385.7 million, down £2.3 million, and all profits measures fell slightly as well. Operating profit was £24 million (down £.44 million), and after-tax […]
