Waterstone's to close 11 stores by end of the week

Waterstone's to close 11 stores by end of the week

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 locations. Current stock at all 11 outlets will be removed and "where possible" recycled.

The HMV Group, which owns both HMV and Waterstones, made the decision to shut stores after a tough trade performance over the Christmas period.  The book retailer has earmarked 20 sites for closure. Today’s news follows the closure of nine HMV stores on Sunday.

A spokesperson said: “Further to Waterstone's recent announcement regarding a review of our store estate, we can now confirm that the following stores have been informed that they will cease trading on the 6th February 2011.

“As a result of these store closures, affected colleagues have now entered into a period of consultation and are at risk of redundancy. We hope to re-deploy many affected colleagues to stores as possible.”  She refused to disclose how many staff would be affected.

Waterstones has previously announced its outlets in Slough, Maidenhead and Edinburgh East End were three of the twenty venues to wind down over the course of the year, leaving six store closures yet to be disclosed.

Store Closures:
Dublin, Dawson Street
Dublin, Jervis Street
Colchester, Culver Square
Worcester, High Street
Guildford, North Street
Stafford, Guildhall
Hemel Hempstead, Marlowes Centre
Coventry, Cathedral Lanes
Chelmsford, Meadows