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Waterstones Bookshop, London: Address, Phone Number, Waterstones Bookshop Reviews: 4.5/5
Waterstones , formerly Waterstone's , is a British book retailer that operates shops, mainly in the UK and also other nearby countries. Established in by Tim Waterstone , after whom the company was named, the bookseller expanded rapidly until being sold in to WHSmith.
As well as the Waterstones brand, the company owns the London bookseller Hatchards ,  Irish shop Hodges Figgis ,  and reached an agreement to purchase Foyles in Waterstones administers and supports various literary awards, including the Children's Laureate  and the Waterstones Children's Book Prize. He set up his first shop in Old Brompton Road , Kensington with the ambition of creating a 'different breed of bookshop', using techniques he had seen in the United States. The model proved successful and the chain set about expanding its shop portfolio.
In WHSmith took a strong minority stake in the chain, and ten years after its birth, by , Waterstone's had grown to be the largest bookseller group in Europe.
The chain was part of the eventual dismantling of the Net Book Agreement , when in , following a promotion by then rivals Dillons, the company decided to pursue its own discounting promotion on selected titles. Waterstone was appointed chairman of the group but stood down in , citing "concerns for the way the company was being run"  and was replaced by Alan Giles.
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The chain had also begun pulling out of its US overseas venture. Waterstones launched the Waterstones Books Quarterly magazine in , containing book reviews and author interviews. In the same year the booksellers' online operation, Waterstones. The move resulted in the loss of 50 jobs.
The scheme was successful, launching nationally as The Waterstones Card across its entire shop portfolio. Waterstones piloted a brand refresh exercise in selected shops, beginning with Manchester's Arndale Centre in Existing direct-to-store deliveries from suppliers were replaced by a centralised warehouse capable of receiving merchandise and sorting an estimated 70 million books per year and staff were made redundant by the process.
This culminated in the resignation of managing director Gerry Johnson with immediate effect. In response to the decline in sales, he implemented a three-year plan in which branches were tailored to their local market alongside a 'rejuvenation'  of the company brand and an increase in range.
As part of these changes, Waterstones implemented new branding in May , developed by agency VentureThree. In January , the company announced that it would be moving away from the branding developed in by agency VentureThree,  and reverting to its original logo.
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This decision received media coverage, in which the company was subject to criticism. John Richards, of the Apostrophe Protection Society , said that the change was "just plain wrong" and "grammatically incorrect"  while the move sparked outrage on Twitter, involving debate on whether the move was grammatically incorrect or not.
It's nothing to do with expressing possession or plurality or anything to do with meaning. In the same month, Waterstones confirmed plans to open a Russian language bookshop in its Piccadilly branch, intending to stock titles with the shop being entirely staffed of Russian-speaking booksellers. Following a decision in late to scrap an e-reading offer in-branch,  it was announced in May that Waterstones would be selling the Amazon Kindle across its estate.
James Daunt launched the new agreement with Amazon stating that Waterstones would be offering "e-reading services and offer Kindle digital devices" throughout the company's branches and on its website, with an intention to "make the Kindle experience better". It was also announced in May that the company would begin a refurbishment plan, with Mamut "investing tens of millions of pounds" to fund the refit of a planned shops before the end of the year. The Amazon Kindle officially launched in-branch on 25 October with an "outdoor and press advertising campaign" promoting the launch, with the Kindle Fire and Kindle Paperwhite model going on sale for the first time in the UK along with older models.
By the end of , the Waterstones estate had shrunk to shops,  with "commercial reasons" given for the closure of branches in Bromsgrove ,  Stevenage ,  Watford ,  Fleet Street ,  High Holborn  and Epsom  among others, with staff being redeployed where possible. In , Daunt stated that future expansion was being considered, based on the performance of the company. Started in was an overhaul of the company's business strategy, with centralised decision making giving way to shop-based decisions and a renewed emphasis on traditional bookselling techniques.
In , the opened new shops in Ringwood, Blackburn  and Southwold, its first branch to be without Waterstones branding,  as well as closing shops in Eastleigh and St Neots. The ongoing strategic changes made to the way the business operates  included the decision in October , after 3 years on sale in shops, to remove the Kindle from its offer following "pitiful" sales and handing the retail space over to books.
In a interview with Daunt, he stated that Amazon "defines how Waterstones acts" and while Waterstones could not compete with the internet retailer digitally, it could offer a credible alternative, believing there was "a future in physical bookselling.
The newly opened shops benefitted from a refreshed brand look, widely welcomed by the book trade. In April , hedge fund Elliott Management Corporation bought a majority stake in the company, leaving Alexander Mamut's Lynwood Investments with a minority holding. This alarmed publishers and authors  who hoped the Office of Fair Trading would refer the takeover bid to the Competition Commission.
In March , the Competition Commission cleared Waterstones for takeover of the Ottakar's, stating the takeover would "not result in a substantial lessening of competition", and is "not likely to affect book prices, range of titles offered or quality of service.
On 31 May , Waterstones announced that it had successfully negotiated the takeover of Ottakar's.
HMV chief executive Alan Giles said: "A combined Waterstones and Ottakar's business will create an exciting, quality bookseller, able to respond better to the increasingly competitive pressures of the retail market.
Following the takeover, HMV announced that they would be rebranding every branch of Ottakar's as a Waterstones. In July , a conversion programme was initiated and within four months, every Ottakar's shop had been relaunched as a Waterstones and had seen the loss of jobs.
In August , the now defunct Borders chain agreed to sell eight Books Etc. The takeover, which represented 34, sq ft of retail space and incurred no staff losses, increased Waterstones' presence within London to almost 50 shops, "crucially [in] areas that are not represented by Waterstones bookshops". In September , Waterstones confirmed it would buy year-old Foyles , with seven stores whilst retaining the brand.
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James Daunt said the purchase would help "to protect and champion the pleasures of real bookshops in the face of Amazon's siren call". Tim Waterstone and James Daunt have been critical of tax avoidance by Amazon. This will include both the payment and reporting of all necessary UK taxes, as set out under UK tax legislation. Waterstones opened its first non-branded shop in Southwold , Suffolk in July called Southwold Books.
Non-branded Waterstones became an issue again in at a national level, following newspaper reports about not only Southwold Books but two further shops, The Rye Bookshop in Sussex and Harpenden Books in Hertfordshire , being opened and local residents not realising the connection with the retailer. He further stated that more unbranded shops were likely to open in the future. Waterstones has worked with the British Safety Council to consider its environmental impact, including factors beyond its carbon footprint.
After a audit, the Council awarded Waterstones three out of a possible five stars for environmental impact. More than 1, writers backed a campaign to ask Waterstones to pay the "real living wage".
In response Waterstone managing director James Daunt said the company was "simply not profitable enough" and that "there's a long gap between wanting to do something and it being remotely sensible". Waterstones said that only Ikea, Majestic and Lush of other similar large retailers pay the "real living wage".
Waterstones continued the Ottakar's Children's Book Prize under its own brand and since , the Waterstones Children's Book Prize has attempted "to uncover hidden talent in children's writing" by awarding authors with no more than two previously published books adult or children's fiction. Waterstones is also the main sponsor of The Waterstones Children's Laureate , previously sponsored by Ottakar's.
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The — role saw the position carry the Waterstones branding for the first time, with the company stating it was 'up weighting [its] activity' and 'supporting the role in shops and online in different ways throughout the year and beyond.
The prize, which has been running since , sees booksellers from across the company select a shortlist of books from any category, published at any time, before the winner is chosen by panel. Set up in , the Waterstones 11 was created to promote debut literary fiction from new authors being published in the year ahead.
Waterstones has academic and high street shops in Europe including the United Kingdom, Republic of Ireland with shops in Cork and Drogheda , and previously with shops in Dublin ,  and in the Netherlands and Belgium. Some branches in the company occupy buildings of architectural and historical interest. Its flagship shop on Piccadilly , formerly the Simpsons of Piccadilly department store and notable for its s-Modernist architecture, is the largest shop in the Waterstones estate and claimed to be the largest bookshop in Europe.
Waterstones refers to these shops as 'superstores': . From Wikipedia, the free encyclopedia. Redirected from Waterstone's.
British bookstore chain. This article is about the British book retailer. For stones used to sharpen steel tools, see sharpening stone. BBC News.
Retrieved 8 September Retrieved 24 September Retrieved 24 September — via The Guardian. The Telegraph. Retrieved 17 January WH Smith Company Information.
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Evening Standard. Retrieved 4 September Retail Gazette. Archived from the original on 25 September Retrieved 29 June Retrieved 28 January The Bookseller.
Retrieved 21 May The Independent. Retrieved 1 May The Children's Laureate. Retrieved 19 January Thompson; Frank Martin Cengage Learning.
Retrieved 3 October The New York Times. The Guardian. Retrieved 6 February ABC Money News. Publisher' Weekly. Archived from the original on 26 August HMV Group.