Watermark Books in King’s Cross is to shut at the end of July.
In announcing the closure Farah Taylor, buyer and manager of Watermark Books, also warned the government it needed to review business rates for small businesses.
Watermark is closing so its parent company Lagardere Services Travel Retail UK & Ireland can “concentrate on building its duty free and fashion businesses”, said Taylor. Relay, a convenience store in Cannon Street train station, also run by LS Travel, will also shut. Both shops will close their doors on 31st July.
Watermark was opened in March 2012, with Taylor, formerly Waterstones Islington manager, employing 10 staff. Watermark currently employs four full-time staff and seven part-time staff.
Announcing the closure of the shop today (27th May) Taylor said: “I would like to take this opportunity to thank my fantastic team of booksellers, wonderful customers, supportive authors and publishers for everything they have done to help me build Watermark Books into the well-loved and busy bookshop it is today.
“Anyone considering opening a bookshop in King’s Cross, I would thoroughly recommend it. It’s a burgeoning area filled with people who want to spend their time and money in a well curated store. The area is bustling and will continue to grow as Euston also begins to develop. However, our government also need to consider reviewing business rates for small businesses or we will be faced with a homogeneous London.
“This has been a wonderful three years for me and I have enjoyed every minute of it. It has been amazing to engage with so many people who adore our little station bookshop. You have all been a pleasure to buy for and incredibly supportive.”
Taylor also thanked The Booksellers Association, and ended by saying: “My heartfelt thanks to you all and don’t forget Hatchard’s is across the road in St Pancras Station.”