Waterstone's strengthens margin

<p>Waterstone's has continued to strengthen gross margin, according to an update from parent HMV Group. A new book reordering system, adapted from HMV music stores, had helped to improve stock turn and to shed &#163;10m of slower-selling stock. Like-for-like sales growth was 5.1% for the 21-weeks to 20th September.

A detailed breakdown showed like-for-like sales growth of 7.2% for the eight weeks to 21st June, including first day sales of "Harry Potter and the Order of the Phoenix". Like-for-like growth for the 13 weeks to 20th September was 3.9%. Waterstone's total sales growth--at 4.8% fo...

This is subscriber-only content

Not a subscriber? Get unrestricted access to all the news, charts, previews, data & analysis by subscribing from as little as £3 per week.

Why Subscribe?

Every issue of The Bookseller magazine

Unlimited access to thebookseller.com (single user)

The Bookseller e-edition app for tablet and mobile

Subscriber-only newsletters

Twice yearly Buyer's Guides worth £50

Discounts on The Bookseller Awards and Conferences

Click here to subscribe now