UK bookseller Waterstones showed improving profit on relatively flat sales in their primary sales report for the fiscal year ending April 27, 2019. The UK stores and website recorded sales of £392.8 million, compared to £385.7 million in 2018, closer to the £394.8 million in fiscal 2017. Profit was £22.7 million, up from £16.3 million in 2018. Any growth appears to have come from outside of book sales, however: The company calls it “a period absent of significant bestselling titles” and notes that “sales of non-book items continued to grow in absolute terms and as a percentage of sales,” as […]
