London Book Fair 2013

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Thursday, January 14, 2010

Waterstone's chief pays the price for poor Christmas sales

The boss of Waterstone's has left with immediate effect after the book chain suffered a plunge in sales over the Christmas period. Parent company HMV reported that like-for-like sales at Waterstone's tumbled by 8.5% in the five weeks to 2 January. The poor results took the shine off a record performance at HMV's entertainment stores. Waterstone's managing director, Gerry Johnson, has paid the price for the poor sales. He left with immediate effect today, to be replaced by HMV group development director Dominic Myers

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