Fresh fears were raised today for the future of Waterstones, Britain's last surviving national book chain, after it revealed it has slumped almost £40million into the red.The high street bookseller, which faces intense competition from Amazon, supermarkets and e-readers such as Kindle, admitted a "disappointing sales performance" pushed it into heavy losses last year.
Retail Week: Waterstones restructures as it creates new retail director role
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