Wed, 02/01/2013 - 08:25
The next 12 months could see more suffering for bricks and mortar retailers, with specialists in books, news and stationery high on the list, according to new research.
Business recovery firm Begbies Traynor has measured corporate distress among UK businesses and found 140 retailers facing what they describe as "critical...
Thu, 20/10/2011 - 15:50
Illustrated publisher New Holland has undergone its third round of redundancies in four years, with nearly half the company’s UK staff leaving the publisher, including its managing director.
Eleven employees (out of 24 in the UK) will leave the business on 28th October, with m.d. Steve Connolly to leave in December. Connolly...
Mon, 17/10/2011 - 09:20
At least 22 independent bookshops are currently for sale in the UK, with the recession, the climate of the bookselling market and the refusal of banks to lend money all being cited as causes for fewer properties exchanging hands.
The bookshops on sale range in price from £10,000 for a book and card shop in Preston to £175...
Thu, 07/04/2011 - 09:11
Spending in March has hit a six-year low, with sales slumping by 8.7% year on year.
According to figures from Nielsen BookScan, shoppers spent £103.3m at UK booksellers in the four weeks to 2nd April, down £8.98m on last year. Volume sales fared worse, diving 12.2% to 14.2m on the same period last year. However, average...
Thu, 24/02/2011 - 09:46
Waterstone's has made 17 members of staff redundant from its head offices in Brentford and Solihull.
The changes follow a consultation period announced in January and the bulk has taken place in the store operations and commercial teams and their support staff. Scott Coning, buying manager for education, and three regional...
Tue, 15/02/2011 - 09:42
Publishers' demands for control of pricing in Borders' closing sales are delaying its impending bankruptcy ruling.
Reuters reports the retailer is in discussions with liquidators over a plan to close around 200 of its 650 stores. Sources told the newswire it...
Wed, 02/02/2011 - 15:42
Spending at UK booksellers in January 2011 was up just 0.7% on a dire January last year when the "big freeze" plunged book sales to a five-year low. According to Nielsen BookScan data, £108.6m was spent at UK booksellers in the four weeks to 29th January, up just £750,000 year-on-year, and down £7.9m (6.8%) on 2009...
Tue, 01/02/2011 - 15:50
Eleven Waterstone's stores will close by the end of this week. The outlets are spread across the UK and Ireland and are mostly in locations where more than one Waterstone's store currently exists.
Staff at the affected Waterstone's stores have now entered into a period of consultation, but may be redeployed to other...
Tue, 01/02/2011 - 12:51
Jamie Oliver's Jamie's 30-minute Meals (Michael Joseph) has returned to the summit of the Official UK Top 50 after a three-week hiatus.
The bestselling hardback non-fiction book since records began sold 37,407 copies in the seven days to 29th January, up 77% week-on-week, bringing its total sales since publication in September...
Mon, 31/01/2011 - 08:36
Borders has told some US publishers and landlords it is delaying January payments to them, in a bid to complete a debt restructuring.
The announcement comes just days after the troubled retailer secured funding from GE Capital.