Sad News - Waterstone's to close 11 stores by end of the week
We knew it was coming and now it's here, the announcement of the next tranch of Waterstone's bookshops to close. It's always sad news to a book lover, author and reader that a bookshop is to close and by the end of this week there will be eleven fewer in our towns and cities. The Waterstone's shops set to close are spread across the UK and Ireland and are mostly in locations where more than one Waterstone's store exists because some time ago Waterstone's bought up Ottakers creating two Waterstones in the same area. Staff at the affected Waterstone's stores have now entered into a period of consultation, but may be redeployed to other locations says Waterstone's. I hope they all find other jobs quickly. The HMV Group, which owns both HMV and Waterstone's, made the decision to shut stores after a tough trade performance over the Christmas period, but to my mind the writing was on the wall long before then. The book retailer has earmarked 20 sites ...