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Shakespeare out at British Bookshops
12.05.09 | Graeme Neill
British Bookshops and Sussex Stationers managing director Michael Shakespeare has left the company. Basil McAllister, managing director of its Irish-based parent Easons, confirmed that Shakespeare had departed the retailer, but would not comment further. Shakespeare could not be contacted.
An announcement about the future of the chain, which operates 36 shops across the south east of England, is expected to be made next week.
Last month, Shakespeare told The Bookseller that it had launched a strategic review of the business to see how it could continue to trade in the face of the economic downturn. Shakespeare said: "The review is because of the general situation in retail. We need to look at what we are doing and where we are going for the future of the business."
Irish bookseller Eason acquired British Bookshops in April 2005. In the year to 27th January 2008, British Bookshops made a pretax loss of £1.8m. Sales fell 4.8% to £34.7m, which the company blamed on "supermarkets, high street and online competitors strongly discounting retail prices of books".