Amazon will close Gloucester-based online shop Book Depository at the end of April following staff reduction announcement.
Book Depository was founded by Stuart Felton and a former Amazon employee Andrew Crawford and originally rivaled the tech giant. It focused on “selling ‘less of more’ rather than ‘more of less’”, planning to roll out six million titles covering a wide variety of genres and topics instead of just bestsellers.
In 2011, Amazon acquired the online store, gaining more control over the UK book trade. A year prior to the purchase, Book Depository had operating profit of £2.3m on sales of £69m.