Waterstone’s parent HMV reported sales for the first half of the fiscal year at the bookselling chain of 219.5 million pounds, down 2.4 percent overall, and declining 3.2 percent on a same-store basis. They had an operating loss of 9.9 million pounds, which is better than the loss of 12.9 million pounds a year go. In the best stiff-upper-lip tradition available, management insists that they are making “good progress on [the] turnaround at Waterstone’s.” At the same time HMV reminds investors that “the outcome of our full financial year will be largely determined by the next four weeks of the […]
