Gloucester-based bookseller bought by the retail giant in 2011 will shut at the end of April.
Book Depository, the UK-based online bookseller set up by a former Amazon employee and bought by Amazon in 2011, is closing down.
Amazon is set to shutter Book Depository, a UK-based online bookstore and competitor it acquired back in 2011.
The online book retailer Book Depository was bought by Amazon in 2011. By the end of April, it will be shutting down for good.
Bookseller says impact of closure on Irish consumers unlikely to be pronounced given range of online options.
“The move of Irish bookselling online saw 20 years’ worth of work done in two years. “In one way it means nothing because people who were shopping on the site were actually buying off Amazon and they can still do that at very similar prices.” He said the review had been “more difficult given the uncertain economy and that we’ve hired rapidly over the last several years”.
Amazon will close Gloucester-based online shop Book Depository at the end of April following staff reduction announcement.
A year prior to the purchase, Book Depository had operating profit of £2.3m on sales of £69m. [CLICK HERE TO READ ABOUT THE PLANNED RESTRUCTURING](https://www.chargedretail.co.uk/2023/04/04/amazon-to-shut-down-book-depository/) [Click here to sign up to Retail Gazette‘s free daily email newsletter](https://www.retailgazette.co.uk/newsletter-sign-up-retail-gazette?utm_source=Website&utm_medium=Article&utm_campaign=SignUp) [To find out more, visit Retail Gazette’s sister site, Charged Retail:](https://www.chargedretail.co.uk/2023/04/04/amazon-to-shut-down-book-depository/) [click here](https://www.chargedretail.co.uk/2023/04/04/amazon-to-shut-down-book-depository/)
The bookseller was famous for both its wide catalog of available books to order as well as for providing free shipping all over the world.
He continued: "Between the reductions we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles." We are sorry to let you know that Book Depository will be closing on 26 April 2023. "Between the reductions we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles."
Amazon's decision to close the Book Depository online bookshop at the end of April is being celebrated by independent New Zealand booksellers.
”From all of us at Book Depository we want to say ‘thank you’. *
SINGAPORE: Popular online store Book Depository on Tuesday (Apr 4) announced it will be closing on Apr 26. Customers can still place orders until noon BST ...
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The announcement was met with sadness by many of its customers from around the world.
As part of the shakeup, the company announced changes to its book business, including the decision to stop selling magazines and newspaper subscriptions on its e-book device Kindle. Thousands of Book Depository customers, including bestselling authors, reacted with sadness over the announcement. The news was met with sadness by many of Book Depository's customers from around the world.
The online book seller announces its closure on social media, saying it will still honour orders placed in the coming weeks.
"This is such sad news. "However, given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount. "The overriding tenet of our annual planning this year was to be leaner while doing so in a way that enables us to still invest robustly in the key long-term customer experiences that we believe can meaningfully improve customers' lives and Amazon as a whole." "This made sense given what was happening in our businesses and the economy as a whole. You have made it possible to send books to my nieces and nephews in mainland Europe in spite of Brexit," another said. "Our vision is to provide all books to all by improving range, access and affordability of books," the website says.
The news comes as Amazon continues to lay off thousands of workers as it looks ahead to what its chief executive has described as economically uncertain ...
It comes as Amazon lays off thousands of workers, looking ahead to what it describes as economically uncertain times. In a message on its website, Book Depository said to customers: "We are sorry to let you know that Book Depository will be closing on 26 April 2023. The news comes as Amazon continues to lay off thousands of workers as it looks ahead to what its chief executive has described as economically uncertain times.
Customers will be able to place orders on the Amazon-owned online bookstore until midday on 26 April. Amazon is closing popular online store Book Depository ...
It comes as part of a raft of cuts by technology giant Amazon to heavily reduce its costs, which have hit thousands of jobs.
In March, Amazon said it would cut a further 9,000 jobs across its global business as it continued to react to the uncertain economic backdrop. Amazon said it would cut more than 18,000 jobs worldwide in the largest layoffs programme in its history. The closure comes amid plans to cut thousands of jobs across Amazon in order to improve the group’s finances.