The Luton branch of Waterstones is to close shortly. The only bookshops left in the town will be the discount store 'The Works' and the more general W.H Smith. Very sad for the University Community and especially embarrassing as Luton attempts to obtain city status.
The company blames shop closures on the severe weather recently, and a 'weak entertainment market ' Shares worth £1 last January are now valued at 6 pence.
Surely Amazon and the effects of the recession are the real reason for the shops decline.
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