Profit up at Waterstones despite lack of significant bestsellers

Profit up at Waterstones despite lack of significant bestsellers

Waterstones recorded a profit of £22.7m last year, up 39% on 2018, as the retailer highlighted a lack of significant bestselling titles with sales increasing 1.8% during a "moment of extraordinary change" for the company, said m.d. James Daunt. 

The retailer’s accounts, filed at Companies House this week, cover the year to 27th April 2019 and take in a period of "significant change" which saw the acquisition of Foyles in September 2018 and US hedge fund Elliott Advisors purchase of Waterstones in April 2018.

A further capital investment of £7m was made in the firm, with four new shops ope...

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