Tuesday, November 09, 2010

A success story for independent book shops

Amid the plethora of fashion stores that opened their doors last month at One New Change, the City of London 's new shopping mall, there was one retailer that stood out.

A small Foyles bookshop rubs shoulders with the titans of the British high street, including Next, Topshop and Marks and Spencer .

The presence of Foyles and of a new branch of Daunt Books across the road on Cheapside, underscores the relative health of a select group of independent booksellers.

That contrasts with a broader picture for large book chains that is increasingly grim, pushing Borders into administration last year, and sending full-year like-for-like sales at Waterstones down 6 per cent

Full report at FT/Yahoo News

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