Daunt Vows To Turn Round Waterstones, £40m In The Red

Sunday 26th May

Daunt Vows To Turn Round Waterstones, £40m In The Red

Posted at 1:17PM Tuesday 05 Feb 2013

Fresh fears were raised today for the future of Waterstones, Britain's last surviving national book chain, after it revealed it has slumped almost £40 million into the red.

The high street bookseller, which faces intense competition from Amazon, supermarkets and e-readers such as Kindle, admitted a "disappointing sales performance" pushed it into heavy losses last year.

Evening Standard

Retail Week: Waterstones restructures as it creates new retail director role

Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more

More Book Trade News

OFT Clears Oxford University Press-Nelson Thornes Deal
www.stockmarketwire.com

The Office of Fair Trading has cleared the completed acquisition by Oxford University Press of Nelson Thornes Ltd

Guardian Children's Fiction Prize 2013 Longlist
www.guardian.co.uk

Books deal with war, dystopian futures and terminal illness

Behold: How Amazon Wins The Sales Tax Wars Even When It Loses
gigaom.com

What's really behind Amazon's tax war

At Hearing, Judge Says She Is Leaning Against Apple
www.publishersweekly.com

Government will likely be able to prove Apple's guilt in coordinating a conspiracy to raise e-book prices

Salt Abandons Single-author Collections Amid Poetry Market Slump
www.guardian.co.uk

Publisher says these books are 'no longer viable' as sales drop by more than a quarter

Kindle Fire Now Available For Pre-order In 170 Countries
www.digitalbookworld.com

Kindle Fire HD and Kindle Fire HD 8.9" Now Available for Pre-Order for Customers in over 170 Countries Around the World, Shipping June 13

[More Book Trade News]