Belfast Telegraph

Friday 25 April 2014

More losses at Waterstones

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.