Daunt plans new buying structure after flat year at Waterstones

Daunt plans new buying structure after flat year at Waterstones

Waterstones is to split its centralised buying function into two roles, aimed at resolving the disconnect between what is ordered by the chain and what is then sold through. Waterstones' latest results showed the chain struggled for growth in the year to end April 2018, with the management team said to be distracted by the sale of the business.
 
Managing director James Daunt said he hoped the business would now "step up” as new store openings plus improved efficiencies enable the chain to grow while maintaining profitability. Sales fell slightly (-0.6%) in the year to end April to £385.7...

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