Waterstones cuts losses as Daunt looks ahead with 'optimism'

Waterstones cut its losses in its last financial year with managing director James Daunt describing it as year of “significant progress” and insisting that the business was edging towards profitability. It is the second consecutive year of reduced losses at Waterstones under Daunt, and includes the period when the chain was restructuring its store and head office staff with staff numbers reduced by 512 in the year to April 2014. Continue reading at 'The Bookseller'

[ The Bookseller | 2015-02-06 00:00:00 UTC ]
News tagged with: #financial year #consecutive year #significant progress

Other news stories related to: "Waterstones cuts losses as Daunt looks ahead with 'optimism'"

Waterstones Children’s Book Prize shortlists offer ‘optimism in uncertain times’

The 18-strong shortlists for the Waterstones Children’s Book Prize 2017 show a strong presence from independent Chicken House as well as publishers Hachette and Penguin Random House. Continue reading at The Bookseller

[ The Bookseller | 2017-02-08 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #publishers hachette #strong presence #uncertain times #waterstones children

Lancashire to go ahead with 'disgraceful' library cuts

Lancashire County Council has decided to press ahead with plans to close more than 20 libraries after a 12-week consultation. Continue reading at The Bookseller

[ The Bookseller | 2016-08-31 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #library cuts #press ahead

Pearson UK 'ahead of plan' on 2016 job cuts

A spokesperson for Pearson UK has said the company is "80% of the way there and ahead of plan" on its latest job-cutting restructure, as the wider company looks to make £250m annualised cost savings globally this year plus a further £100m in 2017. Continue reading at The Bookseller

[ The Bookseller | 2016-07-15 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #pearson uk #wider company

Daunt warns of job losses if irresponsible Brexit prevails

Waterstones boss James Daunt has sent a stark email to employees warning that if the UK leaves Europe, the “brutal reality" is that the retailer would be forced to axe jobs. Continue reading at The Bookseller

[ The Bookseller | 2016-06-15 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #job losses #daunt warns

Waterstones cuts ebook deal with Kobo

Waterstones is to stop selling ebooks from its website and instead divert customers to Kobo’s reading platform for digital sales. Continue reading at The Bookseller

[ The Bookseller | 2016-05-24 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #digital sales #reading platform #divert customers

Richard Desmond's firm in £25m loss after price cuts and digital investment

Northern & Shell puts 2015 losses down to cutting prices of Star and Express titles and significant investment in digital publishingRichard Desmond’s Northern & Shell fell to a £25m loss last year after embarking on costly tabloid price cuts and boosting investment in digital... Continue reading at The Guardian

[ The Guardian | 2016-04-29 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #pre-tax loss #sunday express #daily express #digital publishing #significant investment #cutting prices

Daunt: 'Amazon defines how Waterstones acts'

Amazon “defines” how Waterstones behaves, James Daunt, m.d. of Waterstones has said, but he added that a really good high street bookshop was "addictive" and could not be replicated online. Continue reading at The Bookseller

[ The Bookseller | 2016-04-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #james daunt

Waterstones’ James Daunt: ‘Student of Bookshops’

From Brexit (no) to bookstore social space (yes) Waterstones' managing director James Daunt is certain about one thing: He wants 'to sell more books.' The post Waterstones’ James Daunt: ‘Student of Bookshops’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2016-03-04 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #james daunt

Waterstones three years from fiscal autonomy despite upturn, Daunt warns

Waterstones must sustain three years of consecutive profit-making before the company can “stand on its own two feet” and not rely on the “charity” of its owner, the chain’s m.d. James Daunt has said. Continue reading at The Bookseller

[ The Bookseller | 2016-02-15 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #james daunt #daunt warns

Waterstones heading in 'right direction' after slashing losses

Waterstones is “moving in the right direction” but there is still “much more work to do,” the chain’s managing director James Daunt has said after the company significantly reduced its losses last year. Continue reading at The Bookseller

[ The Bookseller | 2016-02-04 00:00:00 UTC ]
More news stories like this |

Indigo Cuts Quarterly Loss as Sales Jump

Double digit growth in its general merchandise operation plus increases in its core book business led to a 8.8% increase in revenue at Indigo for its second quarter ended September 26, 2015 compared to last year’s second period. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-11-03 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #8% increase #sales jump

Indigo Cuts First Quarter Loss

Indigo Books & Music reported a strong first quarter for fiscal 2016, with sales growth of 2.3% and a C$5 million reduction in its loss. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-08-05 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #sales growth #quarter loss

Daunt: 'higher energy booksellers' at Waterstones

In the last four years, Waterstones has changed to a company which is more customer-focused, with booksellers who have more flexible working hours, more accountability and higher energy, according to the chain’s m.d. James Daunt was speaking on the subject of the value of booksellers in a... Continue reading at The Bookseller

[ The Bookseller | 2015-06-25 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #hmv group #changing world #james daunt

Indigo Cuts Loss on 3% Sales Increase

Total revenue rose 3% at Indigo Books & Music in the year ended March 28, 2015 over fiscal 2014, and its net loss fell from $31 million last year to $3.5 million in fiscal 2015. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-05-26 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #$31 million

Phaidon lifts turnover, cuts loss

Phaidon Press has reported a 4.4% increase in annual turnover for the year to June 2014 due to a strong performance in the North American market. However, the company still reported a loss, which it attributed to increased investment in its business. Turnover at the arts, lifestyle and culture... Continue reading at The Bookseller

[ The Bookseller | 2015-05-15 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #strong performance #4% increase #phaidon press

Daunt: Waterstones shops should be 'more entrepreneurial'

Waterstones shops should be "significantly more entrepreneurial than they are at the moment", James Daunt has said. Speaking on a panel at the IPG spring conference about chain bookshops, alongside Blackwell's David Prescott, Daunt said that the "point at which we become more confident in... Continue reading at The Bookseller

[ The Bookseller | 2015-03-06 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #taking risks #david prescott #chain bookshops #james daunt #waterstones shops

Daunt: 'Waterstones could break even this financial year'

Waterstones will “break even” this year if the retailer has a good Christmas, according to its m.d James Daunt. In an interview with the Guardian, the Waterstones boss said the chain’s intention was to eradicate its losses by the end of its financial year. “We are heading towards break-even in... Continue reading at The Bookseller

[ The Bookseller | 2014-12-02 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #good christmas #financial year #james daunt #waterstones boss

B&N Quarterly Sales Fell 7%, But Losses Cut

Revenue at Barnes & Noble fell 7% in the first quarter ended August 2, to $1.23 billion, but the retailer cut its net loss to $28.4 million from $87.0 million in the first period of fiscal 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-09 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #net loss

USA Today Said to Cut as Many as 70 Jobs Ahead of Gannett Split

USA Today, which is being spun off from Gannett Co. along with the rest of the company's publishing business, fired as many as 70 employees today across all departments, according to a person familiar with the newspaper's plans.About half of the jobs were in the newsroom and accounted for about... Continue reading at Advertising Age

[ Advertising Age | 2014-09-04 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #digital transformation #continued success #e-mailed statement #usa today #newsroom staff #person familiar #publishing business