Revenue from sales at UK High Street booksellers (like Waterstone’s and WH Smith) fell 12.7 percent in the week ending December 6–almost five points worse than the overall decline in sales tracked by Nielsen BookScan. The Telegraph says “high street book sales are plummeting as discounting, the growth of internet operators such as Amazon and dwindling consumer spending hits retailers.” As a result, “Discounting is becoming more aggressive as retailers fight to win customers with consumer spending dwindling in the wake of the economic downturn.”Telegraph
