Publishing breathes a collective sigh of relief at Barnes & Noble’s eleventh hour reprieve, but who will buy Nook?

You might be forgiven for thinking Barnes & Noble was such a train wreck that you couldn’t pay someone to take it off Len Riggio’s hands, such has been the tone of some industry commentators. So the news today that hedge fund Elliott Management has (subject to regulatory approval) acquired America’s biggest bookstore chain will Read More …

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

It was never meant to be this way. Profitable bookstore chains? In the age of Amazon? That’s not how the bookstore apocalypse narrative goes. But as The Guardian reported back in 2015, Four years ago (2011), Waterstones was facing oblivion. Declining sales of physical books, together with the relentless growth of Amazon and mismanagement by its former Read More …

Waterstones to open five new bookstores in time for Christmas. Barnes & Noble, please take notes

As Barnes & Noble continues to struggle, management will be looking on enviously as its British counterpart, Waterstones, defies the odds to rebuild a national bookstore chain that not long ago seemed a hopeless cause. As reported here last month, Waterstones is being lined up for re-sale. Waterstone’s was rescued from near bankruptcy several years Read More …

Waterstone’s to be sold again?

The future of Waterstone’s (aka Waterstones sans apostrophe) is in question again as it emerges Britain’s largest book chain may be up for sale shortly. Cutting a long story short, Waterstone’s was rescued from near bankruptcy several years back by a Russian billionaire who handed day to day management to James Daunt and between the Read More …