Expanding Bookworld records £500,000 loss

<p>Scottish bookseller David Flatman, which trades under the bargain bookselling brands Bookworld and Bargain Books, has recorded an operating loss of &#163;521,877 in the year to end-March 2003.</p><p>The heavy loss was made as Bookworld started a burst of rapid expansion, and compares to a profit of &#163;114,864 the year before. Turnover fell slightly from &#163;23.2m to &#163;22.3m.</p><p>The company attributed the result to insufficient stock levels for Christmas 2002 and weak consumer spending. The value of its stock fell dramatically over the year, from &#163;2.9m to &#163;1.9m.</p><...

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