Publishers encouraged by Waterstones revival

Publishers encouraged by Waterstones revival

Waterstones has passionate booksellers who are “handselling again”, breaking début novelists and “building careers”, according to publishers. 

Chief executives and sales directors of publishing houses have spoken to The Bookseller following the release of the chain retailer’s annual results (to April 2014), which showed it had slashed its losses to £3.8m, from £12.5m a year earlier. The company was on track for profitability by the end of April 2015, according to its m.d. James Daunt. 

Sales in Waterstones’ UK stores fell by 5.9% in that time (to £389.5m), with sales expected to be flat o...

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