Waterstone's to close Peterborough store

<p>Waterstone&#39;s is in consultation with staff at its Peterborough Queensgate branch after it was announced that the store will close on March 14th.</p><p>Eight staff are employed at the branch. The city has another branch of Waterstone&#39;s in Bridge Street, which will be unaffected by the closure.</p><p>The lease has expired on the site and the retailer has decided not to renew it. A spokesman for the company said that the closure was part of Waterstone&#39;s plans to cut its floor space by 10% by 2010.</p><p>&nbsp;</p>