Opinion on Bookstores

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Type Product title / description Pub Price
CommentWire
CommentWire

Bookworld: the latest price-led retailer to enter administration

The collapse of Bookworld further reiterates the limitations of competing solely on price. Having found itself exposed to the boom in online retailing and the expanding ranges of leading grocers, its failure to adapt to changing market conditions helps highlight the need to differentiate on areas other than price.

Published By Datamonitor
13 Feb 2007
Expert View
Expert View

Borders: no best sellers, just a performance plan

US bookstore chain Borders reported a net loss of $18.4 million for the second quarter ended July 29. Although the disappointing result reflects tough conditions in the retailer's domestic market, Borders inadequate response to competitive pressures is also a contributory factor.

Published By Datamonitor
24 Aug 2006
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Expert View

Douglas Group: success from strong perfume sales

Douglas Group, Europe's leading lifestyle brands retailer, has reported a 5.6% increase in sales for Q1 of its 2007/08 financial year. From October 1, 2007 to December 31, 2007, sales amounted to E1,078.1 million, a like-for-like increase of 1.6%. While Douglas Group's strongest growth came from its international perfumery divisions, future growth lies in further developing its foreign operations.

Published By Datamonitor
07 Feb 2008
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Expert View

HMV Group: HMV updating, Waterstone's stagnating

HMV Group has announced encouraging results for the 16 weeks to April 25, 2009, defying the overall decline among its core product sectors. While HMV UK & Ireland is well placed to exploit a lack of high street competition in its core categories and sales opportunities that will arise from its numerous new ventures, Waterstone's faces an uphill struggle in its bid to reverse its fortunes.

Published By Datamonitor
30 Apr 2009
CommentWire
CommentWire

HMV Group: performing well, but trading may get tougher

The retailer's latest quarterly figures represent a strong period of trading, with total group sales up 12.2% and 5.8% on a like-for-like basis. HMV Group now has a solid base from which to move forward. However, things are likely to get tougher for the retailer, given the ongoing decline of the music and video market, and the increasingly competitive nature of the book retailing sector.

Published By Datamonitor
06 Sep 2007
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Expert View

HMV: dancing to a new tune

The music and video retailer has revealed a disappointing sales performance yet again citing the World Cup, the internet and grocers as the cause of its downfall. The company is embarking on a two-year program of initiatives to improve its performance in time for Christmas trading, but HMV still faces serious challenges.

Published By Datamonitor
07 Jul 2006
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Expert View

HMV: from market leader to takeover target

HMV has confirmed that it has received a bid approach from private equity firm Permira, after reporting disappointing Christmas sales. The music & video retailer is having to adapt to a sea change in its core market brought on by growing online and mainstream retail sales, and it is unlikely that Permira would make a quick buck from a selling it on.

Published By Datamonitor
31 Jan 2006
CommentWire
CommentWire

HMV: green shoots of hope

The HMV Group has defied a slowing music and video market and tough Christmas trading to post a positive set of results, with total sales up 2.9% in the five weeks to January 3, 2009. The recent spate of competitor collapses has left HMV as the dominant high street entertainment retailer, and as it continues to diversify its interests, the group's future is looking increasingly positive.

Published By Datamonitor
15 Jan 2009
CommentWire
CommentWire

HMV: no longer top dog

HMV has issued a profit warning after both the HMV music chain and its Waterstone's bookstores performed poorly over the festive period. Competition from online retailers and grocers able to promote discounted deals has hurt the retailer's profit margins. Looking ahead, this threat is unlikely to diminish as HMV's cut-price rivals continue to up their offer.

Published By Datamonitor
13 Jan 2006
CommentWire
CommentWire

HMV: the going's getting tougher

The HMV Group has posted a mildly disappointing set of results for the 26 weeks ended October 25, 2008, largely as a result of the deteriorating entertainment market. HMV sales were up 1.6% on a like-for-like basis, but Waterstone's saw a dip of 3.1%, giving a flat performance across the group. The retailer will need to raise its game considerably as the UK slips into a recession.

Published By Datamonitor
15 Dec 2008

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