Www.upg-bulletin-se.ro/archive/2011-3/2. Nwagbara.pdf. Waterstone's closes branches after poor Christmas sales. A Waterstone's branch.
Photograph: Roger Bamber In a tough week for high-street bookselling, it was announced yesterday that 11 branches of Waterstone's – including two in Dublin – are set to close on 6 February. Then today, from the other side of the Atlantic, came the news that the long drawn-out crisis at US bookshop chain Borders looks to be reaching a head, with shares sinking steeply on the New York Stock Exchange last night after a Bloomberg report that it may file for bankruptcy next week, with the likely closure of 150 stores. The Waterstone's closures, part of a 60-shop cull at the HMV Group after poor Christmas trading, are being concentrated on towns where there is currently more than one branch.
Colchester, Worcester, Guildford, Stafford, Hemel Hempstead, Coventry and Chelmsford will all lose one of their Waterstone's bookshops. Elsewhere, however, Luton and Tiverton will now be left without a Waterstone's branch at all. . • This article was amended on 3 February 2011. Waterstone's to launch e-reader. 9 September 2011Last updated at 08:25.
Comment / Editorial - Hope in bookshops. Waterstone's drops 3-for-2 book deal. 1 September 2011Last updated at 15:18 The chain is expected to introduce a new simplified pricing structure Waterstone's has announced it will end its 3-for-2 deals on books in September after more than 10 years.
The promotion is expected to be withdrawn this month and replaced by a new pricing structure which will see books sold for £3, £5 and £7. The bookstore chain was bought by Russian businessman Alexander Mamut earlier this year. New Waterstone's boss James Daunt faces big changes. 20 May 2011Last updated at 16:15 By Catherine Wynne Business reporter, BBC News James Daunt's small independent chain has built up a following in London Life is about to change radically for James Daunt.
Currently the owner of seven bookshops located in some of London's more genteel areas, Mr Daunt will soon become boss of the UK's largest and only surviving national book chain, Waterstone's. A hands-on bookseller who likes to spend as much time as he can in the shops, he has been chosen by the company's new Russian owner for the role of managing director. He told BBC News running a company with almost 300 branches would be "very different". But he added: "I know how to run bookshops and believe the basic principles of bookselling are the same however many you have. "There are three essential elements. HMV puts Waterstone's up for sale.
HMV Group has put the Waterstone's chain of booksellers on the block as the highstreet retailer fights for its survival.
HMV confirmed on Friday that it was looking at slimming down by offloading the chain and its Canadian arm, but insisted that it was not in talks about selling the entire group. Plans to close 20 Waterstone's shops and almost one in 10 of its high street music stores remain intact, however. The Russian oligarch Alexander Mamut, a major shareholder, is thought to be one of the bidders for Waterstone's.
Mamut has assembled a 6.1% stake in HMV, despite the retailer's troubles, and has appointed Credit Suisse to advise him on a possible deal. There has been speculation that he could be preparing a joint bid with Tim Waterstone, the entrepreneur turned novelist who founded the bookshop in 1982. Waterstone's starts a new chapter in bookselling under James Daunt. Excitement and relief over Waterstone's future. 20.05.11 | Benedicte Page and Charlotte Williams Publishers, writers, agents and trade bodies have responded with relief to today’s news of the acquisition of Waterstone’s by Alexander Mamut’s A&NN Group, welcoming the surprise arrival of James Daunt as the retail chain’s new m.d. though also expressing regret at the departure of Dominic Myers.
Tim Godfray, chief executive of the Bookseller Association, called Daunt “a book man who has integrity, passion, vision, and an enviable track record”. He said: “He has shown he has the right formula to bring people into his shops in an extremely competitive market . . . Alexander Mamut not only has the resources to support Waterstone’s future development; he also has demonstrated his passion for bookshops. We hope that this proposed sale will ensure that Waterstone’s will continue to play a pivotal role in UK high street and online bookselling. Writer Tom Holland, president of the Society of Authors, said the buy was "fabulous" news for authors.
Publishers back Myers' Waterstone's strategy. 05.04.10 | Bookseller News Team Publishers and the City have broadly backed Waterstone's turnaround plan after the chain's new m.d.
Dominic Myers presented its strategy for the next three years. Peter Field, c.e.o. of Penguin, described the plans as "terrific", while Nigel Newton, Bloomsbury chief executive, described this switch in buying outlined last week in The Bookseller as "extremely smart". Will Atkinson, head of sales and marketing at Faber, said: "[Myers] has laid out a wide agenda and is attacking as much as he can. Why Waterstone's is worth saving despite its mistakes. Waterstone's is a most valuable brand.
At its best it achieved levels of sale and profit per retail square metre that are multiples of those of its competitors. Its reputation with the reading public, publishers, authors and the literary press gave it market supremacy of an enviable degree. Yet, a whole sequence of strategic business mistakes has brought it perilously close to demise. When HMV, who had just become multiple music store operators, bought Waterstone's in the 1990s they failed to recognise the essential different nature of retailing books and music. The English book publishing industry has the ability to provide commercial material into thousands of tiny markets of interest to all groups and ages.
Companies / Retail - Waterstone’s links up with Paperchase. Waterstone's has forgotten what bookselling is about. Not that open ...
Waterstone's bookshop in Islington, north London. Photograph: Graeme Robertson Whatever happened to Waterstone's? Like many bookshop lovers, and fans of Tim Waterstone's achievements in the 1980s, I have watched the decline of a great chain with dismay. Waterstone's unveils new strategy. 28.03.10 | Graeme Neill A new e-book store, a repositioning of range, a greater focus on local promotions and increased non-book sales are among the strategies of Waterstone's to improve its business.
The management of HMV Group net City analysts Friday (26th March) to discuss its future plans, hoping the new initiatives at the bookseller will improve net profit margin in the short term to 2-3% and in the medium term to 3-4%. This week the chain reorganised its buying team structure to allow individual stores to tailor its range. Among the other plans are a revitalisation of the brand "to reflect its specialist appeal", increasing non-book sales from 6% to 10% by 2013 and "maximising the Borders sales transfer opportunity". Waterstone's lets its stores choose the books again. Waterstone's returns to its roots. Well, well, well. Book chain Waterstone's this morning fired its boss following dire Christmas sales figures and announced that it is going back to its roots as a "local" bookshop.
You could almost hear book publishers rejoice – the literary world has been telling Waterstone's to do this for yonks. The move represents a massive shift in the dynamic of the book market and is a tacit admission by Waterstone's that it simply can't compete with the rampant price-cutting of the supermarkets and WH Smith. Waterstones is waving goodbye to some of the celebrity titles Simon Fox, the boss of Waterstone's parent company HMV Group, said that the chain is going to sell fewer celebrity titles, alter its blanket "three-for-two" promotional strategy, and tailor ranges to the communities in which the stores are based.
Waterstone's halts overseas e-book sales. 26.10.10 | Victoria Gallagher Waterstone's has stopped selling e-books to customers outside of the UK and Ireland in order to comply with the legal demands of publishers regarding the territories into which it can sell digital titles. Waterstone's spokesman Jon Howells said the stop had been very recently brought in and had come into force last week. "It is basically due to rights of controlling where we sell books to," said Howells. He said from now on customers will need to have a UK billing address in order to purchase e-books. "This is not a temporary move," said Howells. A letter sent out to customers said: "We regret that as of 20th October 2010, we are no longer able to sell e-books to customers placing an order from anywhere outside of the UK and Ireland. The letter states that previously purchased e-books will not be affected by this and will still be available from online accounts.
The Waterstone's plan. 15.07.11 | Roger Parry In 1797 John Hatchard tried a bold experiment by opening a bookshop in the fast growing area of Piccadilly, when the traditional industry was clustered around St Paul's. It was an audacious and ultimately successful example of "following the money". The book market was in flux. The traditional Church customers were declining in importance. Waterstone's unveils new strategy. Waterstone's foreign workers made to speak English claim 'human rights abuse' Eastern European staff day move is a breach of their human rightsMove described by Unite union as 'ridiculous' By Andy Dolan Updated: 22:13 GMT, 14 September 2011 Eastern European workers at a Waterstone’s warehouse have accused bosses of ‘human rights abuses’ after they were ordered to speak English to workmates.
The mainly Polish and Latvian staff at a Midlands distribution centre must use only English during working hours, but are free to talk in their native language during breaks. A novel idea: Waterstone's has banned its distribution centre staff from speaking all languages apart from English This is to prevent English colleagues feeling ‘marginalised’ and ‘isolated’, while also ensuring that instructions and health and safety rules are heeded. But the immigrant workers, who make up around half the 120-strong workforce, claim the policy is discriminatory. They have drawn up a petition to hand to bosses which claims the rules constitute ‘breaches of their human rights’.
Waterstones Loyalty Scheme Interview. Interview with Simon Hood - HR Policy and Reward Manager Now part of HMV Group, Waterstone's first opened in Old Brompton Road, London, in 1982 and currently trades from more than 300 stores, on high streets and in shopping centres, and through numerous university campuses in the UK, Republic of Ireland and continental Europe as well as on the Isle of Man, Jersey and the Isle of Wight. Waterstone's reputation is built upon the knowledge and enthusiasm of their 4,500 booksellers.
Their booksellers love great books and are dedicated to finding the titles that their customers want. Waterstone's has been a client of Cottrills since 2001 and recognise and reward their staff for 10, 15, 20, 25, 30 and 40 year’s loyal service. Waterstone's board role for former HBOS chairman. Lord Stevenson of Coddenham, the former chairman of the rescued high street banking group HBOS, has landed a directorship at the book chain Waterstone's. The crossbench peer, who is understood to have played a major role in the deal that saw the retailer acquired by the Russian oligarch Alexander Mamut for £53m in May, is one of five non-executive directors announced by the company on Tuesday. James Daunt and Alexander Mamut. Still standing ... Alexander Mamut and James Daunt.
Why Waterstone's is vital to the book trade. The sale of Waterstone's to Alexander Mamut, if it passes its final hurdles, looks to be tremendous news for readers and writers: despite all the noise about ebooks and online marketing, bookshops are still at the heart of creating audiences for books. When I first entered publishing in 1988 there were at least six major book chains in the UK. Waterstone's: the steady decline of a chain of superb bookshops. Waterstone's future looks positively Daunting. Drama and bookselling are not words that are readily associated, but there's no doubting that this has been a heady week for the trade. On Monday, it reached a nadir when Sainsbury's was named Bookseller of the Year at the Bookseller Industry awards.
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Waterstone’s sale demonstrates there is still value in physical books. Waterstone's takes on might of Amazon. Fiction, Children's books, eBooks, Non-fiction books, textbooks and more at Waterstone's. Waterstones ready to battle Amazon with new e-reader. Waterstone's will make its own e-reader to fight Amazon's Kindle. Waterstone’s Loyalty Card scheme - Marketing Case Studies.
Waterstone’s Management Review. Waterstone's closes book on Amazon. Waterstone's to launch rival to Kindle - News - Books.