The Irish arm of bookseller Waterstones plunged further into the red last year after the company recorded impairment charges and store closure costs totalling €13.1m (£11m).
Last year, two of Waterstones three Dublin stores closed with the loss of 46 jobs following a decision by its former parent, the HMV Group. Accounts just filed for the 53 weeks to the end of April 30, 2011, show that Waterstones Booksellers Ireland recorded a pre-tax loss of €13m after a pre-tax loss of €7.9m (£6.6m) in fiscal year 2010.
COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? email@example.com