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gothicangel
05-20-2011, 12:51 PM
:hooray:

In a surprise move Mamhut [sp?] has brought in James Daunt of Daunt Books to run the bookseller.

I give HMV until Christmas . . .

Purple Rose
05-20-2011, 01:26 PM
I am not sad. Tears will, however, flow freely if such a tragedy were to befall my beloved Hatchard's in Picadilly.

gothicangel
05-20-2011, 01:50 PM
Waterstone's are the only bookshop we have in Stirling, Glasgow had already lost Borders. That would have meant going to Edinburgh for Blackwells.

I'm pleased, it was starting to look like HMV might drag Waterstone's down with it even though it is a viable [and profitable] business.

Purple Rose
05-20-2011, 01:57 PM
Good excuse to go to Edinburgh! Save up extra for the trip and treat yourself to lunch or tea at Harvey Nick's on the 4th floor. Great view of the castle :-)

Priene
05-20-2011, 02:18 PM
That would have meant going to Edinburgh for Blackwells.

Will always be James Thin to me.

Snitchcat
05-20-2011, 04:13 PM
Well, crap! Waterstone's was one of my favourite bookstores and it was the only decent one in the town where I used to live. Great, now if I visit England again, I get to go to London if the local shop has nothing I want in it. Expensive trip. Blah. :P

gothicangel
05-20-2011, 04:39 PM
Well, crap! Waterstone's was one of my favourite bookstores and it was the only decent one in the town where I used to live. Great, now if I visit England again, I get to go to London if the local shop has nothing I want in it. Expensive trip. Blah. :P

Sorry, should have explained better, the Waterstone's brand isn't going to disappear. :)

I half caught the business news before. The plan is to take Waterstone's back to its roots: local bookstore with local stock, more knowledgable staff etc.

Buffysquirrel
05-20-2011, 04:45 PM
Eh, you have to admire HMV's business acumen. They swallowed up the only nationwide competitor Waterstones had, and still couldn't make it pay.

gothicangel
05-20-2011, 06:03 PM
Eh, you have to admire HMV's business acumen. They swallowed up the only nationwide competitor Waterstones had, and still couldn't make it pay.

From what I've heard they have done some serious asset stripping from the Waterstone's brand.

scarletpeaches
05-20-2011, 06:05 PM
I, for one, welcome our new Amazon overlords and offer them my undying devotion.

Paperbacks for 4-5? Fuck yeah!

Old Hack
05-20-2011, 08:57 PM
From what I've heard they have done some serious asset stripping from the Waterstone's brand.

Really? I'd like to know more. Where did you hear this, and precisely what assets did HMV strip from Waterstones?

gothicangel
05-21-2011, 01:07 AM
Really? I'd like to know more. Where did you hear this, and precisely what assets did HMV strip from Waterstones?

It's what friends who work for Waterstone's have told me. I'll try and see if I can get more details out of them.

Purple Rose
05-21-2011, 07:25 AM
@Old Hack and gothicangel - there's a well-written piece on yesterday's ft.com, updated last night (UK time). FT requests that we don't send links but to email the articles instead. If you want to read it, please PM me your email addresses and I'll be happy to send it to you.

gothicangel
05-23-2011, 02:19 PM
An interesting counter argument to the domination of Amazon by Faber ceo:


"Waterstone's is our core market and it is the only specialist bookseller with a presence in most UK cities. We are celebrating . . . Physical stores allow you to browse, meander and discover new writers. People are more impulsive online, in the way iTunes is more impulsive as a record store."

http://www.thebookseller.com/news/publishers-celebrating-after-waterstones-takeover.html

Purple Rose
05-23-2011, 02:52 PM
The browsing experience, for me, makes going to the bookstore a pleasurable experience. Not sure about Waterstone's but I think it will be much better under new management.