The bookstore that needed help to turn over a new leaf

Article Abstract:

Bookshop W&G Foyle Chmn Christopher Foyle believes that the business benefits from offering a very wide range of titles. He indicates that the business is still making a loss, although sales are rising.

United Kingdom, Strategy & planning, Foyle, Christopher, W and G Foyle

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Waterstone presents WH Smith's new head with a baptism of fire

Article Abstract:

WH Smith Chief Executive Richard Handover feels very positive about the rapid changes which have taken place at the company recently. He has had to deal with extensive criticism as the company has come under pressure from Tim Waterstone. It has now been decided to demerge the Waterstone's bookselling business and sell the music operations, which include Virgin-Our Price. He is keen to emphasize that there has been no dramatic turnround in strategy at WH Smith.

Retail industry, Retail trade, Handover, Richard

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WH Smith struggles to reinvent itself as an e-commerce stock of the future

Article Abstract:

WH Smith Chief Executive Richard Handover has recognized that this mass-market retailer of music, videos and books must make significant changes if it is to survive in the rapidly changing business environment. In particular, it must consider ways of withstanding growing competition from virtual retailers such as Internet bookseller Amazon.com. It has already made a number of changes, the most significant of which is the purchase of book publisher Hodder Headline. Handover is seeking further deals that will supply material to be sold online.

Management

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