Skip navigation

Gloucestershire Business News

Redundancy threat for Waterstones

Book chain Waterstones is to make a number of staff at its London Piccadilly head office redundant, as it recovers from the impact of lockdown.

Waterstones, which has stores in Cheltenham, Gloucester and Cirencester, said the redundancies were part of a number of measures to bring the company's overheads in line with its current level of sales, as reported by The Bookseller.

Like other non-essential retailers, Waterstones was forced to close its stores for almost three months. Nearly all of them have been reopened, apart from campus branches and its Covent Garden store, which reopened when lockdown measures eased and closed again after a week, due to the lack of footfall in central London.

Improved online performance hasn't been enough to offset the lack of high street sales. The chain's CEO said last month that were would be no rebound for the lost sales of March, April and May. Waterstones predicts continued lower sales over the coming months, as things take time to get back to normal.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, August 4 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, August 4

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

£11.3m funding for Gloucestershire projects to get building Image

£11.3m funding for Gloucestershire projects to get building

Five infrastructure projects across Gloucestershire will share £11.3million as part of the Government's plan to build a road to recovery from the coronavirus pandemic - creating and protecting more than 1,000 jobs.

Council awards £13m contract to lead way for support Image

Council awards £13m contract to lead way for support

Gloucestershire County Council has awarded a £13million contract to deliver specialist support for vulnerable young people.

Tax changes pile pressure on small brewers Image

Tax changes pile pressure on small brewers

Proposed changes to Small Breweries Relief could make or break small, independent breweries such as Wotton-under-Edge based Severn Brewing.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.