TURNAROUND plans at bookshop chain Waterstone’s received a boost afterfigures showed an improvement in recent sales trends.
New leadership and a plan to increase non-book sales slowed the decline in like-for-like revenues to 4.8% in the 16 weeks to April 24 – against a drop of 8.5% in the five weeks to January 2 and 6.2% for the whole of its financial year.
HMV, which owns Waterstone’s, said its overall group performance was in line with expectations.
