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Is Closing A Bookshop Akin To Knocking Down A Unicorn?Posted at 7:24AM Monday 08 Mar 2010 It's still uncertain what proportion of Hughes and Hughes's problems were unique to the company, caused by moving into the wrong places at the wrong time, or how much they are symptomatic of deeper problems that will drag others down too. Whatever the truth, the past year has been chastening for the trade. In 2009, the market's value shrank by over 5 per cent. There have already been job losses and reduced profits. The traditional Christmas rush started very late last year and the success of recession-themed books masked declining sales elsewhere.
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