book2book

  booktrade.info

Search Booktrade.info:  


Friday 27th February

Book2book Home Book Trade News Trade Announcements Bestseller Lists About Booktrade.info

HMV issues profits warning after grim Christmas

Posted at 8:16AM Wednesday 05 Jan 2011

The struggling high street chain issued the retail sector's first profits warning of 2011 this morning, dashing hopes that the company's fortunes had improved. In an unscheduled trading statement, HMV admitted that like-for-like sales across its UK and Ireland outlets had plunged by 13.6% in December. It also warned that it may breach the terms of its lending agreements with its banks.

Sales at its Waterstone's bookstores, also owned by HMV appeared to have stabilised as comparable sales fell by 0.4% in December.

It is understood that 40 HMV branches will close along with 20 Waterstone's bookshops.

Guardian

BBC




Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more


Search the news archive:
 






More Book Trade News

Divorcing A Real Witch Makes Diagram's 'Oddest Book Title Of The Year' Shortlist
www.theguardian.com

Diana Rajchel's self-help book on pagan relationships competes with Nature's Nether Regions and Advanced Pavement Research for the annual non-fiction prize

HMH Trade Ended 2014 with a Loss
www.publishersweekly.com

$2.9 million net loss in 2014 compared to net income of $6.5 million in 2013

Wattpad Delivers Erotic Romance Via New App
www.publishersweekly.com

Wattpad, the online reading and writing community, has released After Dark, an app that offers its users a curated selection of romance and erotica.

B&N Will Separate College from Trade, Nook Units
www.publishersweekly.com

By keeping the trade stores together with the Nook business, B&N creates a company with a strong physical store presence as well as a large, if unprofitable, digital operation

Society Of Authors' Translation Prizes
www.complete-review.com

Five of them, this year (it varies), for translations from the Arabic, French, German, Italian and Spanish

Account Sign-In

Most Popular Stories

  1. Isis Burns Thousands Of Books And Rare Manuscripts From Mosul's Libraries
  2. Hitler's Mein Kampf To Be Reprinted In Germany For First Time Since World War II
  3. JRR Tolkien Falls Off Children's Most Popular Books List
  4. Nick Esson Passes Away
  5. London's Calling For Foreign Publishers Who Want New Harper Lee
  6. Booktrack Adds Movie-style Soundtrack To E-books
  7. Finalists Announced For 2014 Bram Stoker Awards
  8. Author Ken Cook Loses Copyright Claim Against Amazon
  9. Amazon Tries To Patent 3d Printers On Trucks
  10. Crime Story: From Forensics To Fiction