According to the Financial Times, Waterstones says that sales of printed books grew by 5% in the last month of 2014. The bookstore has been selling Kindles since 2012, when it teamed up with Amazon to cater to a changing market.
His suggestions include the possibility that we’ve run out of readers willing to make the jump from print to e-reading; that readers are no longer purchasing e-books simply for novelty’s sake; and that the e-book format may be proving conducive only to limited kinds of reading, such as travel reading.
At Waterstones, physical books sales have benefited from a multi-million dollar refurbishment plan at its 290 stores. A 2011 acquisition also led the chain to focus on turning its shops into "local bookstores." The company expects to break even in 2015, and has plans to open around a dozen new stores, according to the FT.
The book retailer's founder, Tim Waterstone, has spoken in the past about why he thinks physical books will live on. Speaking at the Oxford Literary Festival last year, he said that while e-books have developed a share in the market, printed works would remain popular for decades.
"But every indication — certainly from America — shows the share is already in decline. The indications are that it will do exactly the same in the UK", Waterstone reportedly told the audience at the event.