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Reading For The FuturePosted at 8:36AM Friday 09 Nov 2007 According to Adam Powell, of Crockatt & Powell in London's Waterloo, it is the chains that are suffering rather than the smaller niche stores. Crockatt is also a former Waterstone's employee. For every branch that closes, an independent seller seems to be let loose). His statement is backed by statistics that show the market share of chains falling, while that of independents rises. Between 2003 and 2006 the chains' share of the market fell from over 38 per cent to 35 per cent, while independent bookshops increased theirs, though by a marginal 0.3 per cent.
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