Belfast Telegraph

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.