Waterstones defies the bookstore apocalypse with 80% rise in profits. Barnes & Noble looks the other way.

Back in early 2011, BEFORE ebooks took off, Britain’s biggest bookstore chain was not so much staring into the abyss as halfway down the cliff. Borders UK had already fallen, and Borders US was close behind.
Then the Kindle UK store went from novelty to mainstream.
“Put simply, Waterstones hadn’t a snowball’s chance in hell of surviving, and for most observers the only question was whether Borders in the US would beat Waterstones in the liquidation race.
“Yet here we are in 2018 declaring an 80% increase in pre-tax profits for 2017, despite having to close several profitable stores.”
Yes, you read right. Waterstone’s is in the black again despite having to close profitable stores.
And this in the second-most dominated-by-Amazon country on the planet.
Read more over at The New Publishing Standard.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s