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<\/a><\/p>![\"Waterstones\"](\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/01\/Waterstones_books_entertainment_sign_ST-3-1-696x464-1-1-1-1.jpg\" "\\"Waterstones")
<\/div>\n\/\/<\/span> Waterstones posts rise in profits thanks to return of in-store customers<\/h6>\n\/\/ <\/span>The bookseller posted a \u00a342.1m profit after tax for the year ending April 2022, up from \u00a32.9m in 2020\/21<\/h6>\nWaterstones full-year profits have soared as customers returned to bookshops after Covid restrictions eased.<\/p>\n
For the financial year ending April 2022, the bookseller posted a \u00a342.1m profit after tax, an increase from \u00a32.9m in 2020\/21 and \u00a319.7m in 2019\/20.<\/p>\n
Sales surged 73% to \u00a3399.8m from the prior Covid-hit year. Against 2019\/20, sales were 6.3% up.<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span><\/p>\nIn its first full-year performance post pandemic, Waterstones said it benefited from the scrapping of lockdowns and restrictions.<\/p>\n
The retailer said its acquisition of independent bookseller Blackwell\u2019s in March 2022 \u201cexemplified its confidence in the business\u201d.<\/p>\n
The acquisition of Blackwell\u2019s came after Waterstones bought Foyles in September 2018.<\/p>\n
It brought Blackwell\u2019s into the same group as US bookseller Barnes & Noble, which like Waterstones is owned by US hedge fund Elliott Investment Management.<\/p>\n
Despite its renewed confidence, teh bookseller warned that reduced footfall, rising inflation, lower customer confidence and supply chain issues may continue to be a challenge in the future.<\/p>\n<\/p><\/div>\n
Waterstones full-year profits have soared as customers returned to bookshops after Covid restrictions eased.<\/p>\n
For the financial year ending April 2022, the bookseller posted a \u00a342.1m profit after tax, an increase from \u00a32.9m in 2020\/21 and \u00a319.7m in 2019\/20.<\/p>\n
Sales surged 73% to \u00a3399.8m from the prior Covid-hit year. Against 2019\/20, sales were 6.3% up.<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span><\/p>\nIn its first full-year performance post pandemic, Waterstones said it benefited from the scrapping of lockdowns and restrictions.<\/p>\n
The retailer said its acquisition of independent bookseller Blackwell\u2019s in March 2022 \u201cexemplified its confidence in the business\u201d.<\/p>\n
The acquisition of Blackwell\u2019s came after Waterstones bought Foyles in September 2018.<\/p>\n
It brought Blackwell\u2019s into the same group as US bookseller Barnes & Noble, which like Waterstones is owned by US hedge fund Elliott Investment Management.<\/p>\n
Despite its renewed confidence, teh bookseller warned that reduced footfall, rising inflation, lower customer confidence and supply chain issues may continue to be a challenge in the future.<\/p>\n<\/p><\/div>\n
In its first full-year performance post pandemic, Waterstones said it benefited from the scrapping of lockdowns and restrictions.<\/p>\n
The retailer said its acquisition of independent bookseller Blackwell\u2019s in March 2022 \u201cexemplified its confidence in the business\u201d.<\/p>\n
The acquisition of Blackwell\u2019s came after Waterstones bought Foyles in September 2018.<\/p>\n
It brought Blackwell\u2019s into the same group as US bookseller Barnes & Noble, which like Waterstones is owned by US hedge fund Elliott Investment Management.<\/p>\n
Despite its renewed confidence, teh bookseller warned that reduced footfall, rising inflation, lower customer confidence and supply chain issues may continue to be a challenge in the future.<\/p>\n<\/p><\/div>\n