Thursday, January 08, 2015

Waterstones says sales of physical books rose 5pc in December, while Kindle sales collapsed

Kindle sales have 'disappeared', says UK's largest book retailer

Jeff Bezos, chairman, president, and chief executive officer of Amazon.com Inc., holds an Amazon.com Kindle DX electronic reader during a news conference in New York, U.S., on Wednesday, May 6, 2009.
Amazon launched the Kindle, which is now in its seventh generation, in 2007. Sales peaked in 2011 at around 13.44m Photo: Bloomberg News
The Telegraph -  06 Jan 2015
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Waterstones has admitted that sales of Amazon's Kindle e-book reader had "disappeared" after seeing higher demand for physical books.

The UK's largest book retailing chain, which teamed up with Amazon in 2012 to sell the Kindle in its stores, saw sales of physical books rise 5pc in December, at the expense of the popular e-reader.
Kindle sales had “disappeared to all intents and purposes”, Waterstones said.

James Daunt, chief executive, told the Financial Times that the resurgence in popularity of hardback and paperback books was due to Waterstones refurbishing some of its 290 shops. 
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