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