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Waterstones to stop selling e-books as it ties up with Kobo | Waterstones to stop selling e-books as it ties up with Kobo |
(35 minutes later) | |
The UK's largest book retailer Waterstones has announced it will stop selling digital books. | The UK's largest book retailer Waterstones has announced it will stop selling digital books. |
The company will instead divert its e-book customers to digital book specialist Kobo. | The company will instead divert its e-book customers to digital book specialist Kobo. |
Waterstones boss James Daunt said Kobo provided "an excellence of service we ourselves are unable to match". | Waterstones boss James Daunt said Kobo provided "an excellence of service we ourselves are unable to match". |
The decision to pull out of e-books is the retailer's latest move away from digital after its shops stopped selling Kindle e-readers in October. | The decision to pull out of e-books is the retailer's latest move away from digital after its shops stopped selling Kindle e-readers in October. |
From 14 June, Waterstones will start sending emails to customers about how to transfer their e-book libraries to Japanese-owned Kobo. | From 14 June, Waterstones will start sending emails to customers about how to transfer their e-book libraries to Japanese-owned Kobo. |
Michael Tamblyn, chief executive of Kobo, said: "We are pleased to be working with Waterstones, where we can help a great print retailer by supporting their customers who also love to read digitally." | Michael Tamblyn, chief executive of Kobo, said: "We are pleased to be working with Waterstones, where we can help a great print retailer by supporting their customers who also love to read digitally." |
Waterstones has focused on improving its experience for customers, including with specialist staff and in-store cafes, since it was acquired by Russian billionaire Alexander Mamut from HMV in 2011. | Waterstones has focused on improving its experience for customers, including with specialist staff and in-store cafes, since it was acquired by Russian billionaire Alexander Mamut from HMV in 2011. |
The business made a profit of £5.4m last year as a result of cutting costs and a 1% growth in sales to £378m. | |
Earlier this year, Barnes & Noble, the US bookseller behind the e-book brand Nook, stopped selling digital books in the UK. |
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