Friday, February 03, 2017

For The First Time Since 2008 Book Seller Waterstone’s Makes A Profit


“The bookseller made a £9.8m pretax profit in the year to 30 April 2016. The previous year is made a £4.5m loss. Bought from HMV by the Russian billionaire Alexander Mamut in 2011 for £53m, Waterstones has shrugged off the rise of ebooks and Amazon to record a 4.3% increase in sales to £409m. Sales growth has continued in the past year, with a 4.7% rise over Christmas.”

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