This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/scotland/6354055.stm

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Bargain bookstore closes branches Bargain bookstore closes branches
(10 minutes later)
An Edinburgh-based firm which pioneered the sale of cut price books for 30 years has gone into administration.An Edinburgh-based firm which pioneered the sale of cut price books for 30 years has gone into administration.
Bookworld, Bargain Books and bw! closed eight UK stores immediately including those in Dumfries, Edinburgh, Greenock, Inverness and Stirling.Bookworld, Bargain Books and bw! closed eight UK stores immediately including those in Dumfries, Edinburgh, Greenock, Inverness and Stirling.
By the end of February, a further four stores including one in Glasgow and another in Perth will also close.By the end of February, a further four stores including one in Glasgow and another in Perth will also close.
A total of 65 redundancies were announced. The firm blamed competition from the internet and supermarkets. A total of 42 jobs will be lost in Scotland. The firm blamed competition from the internet and supermarkets.
It has 50 stores nationwide - including 20 in Scotland - and employed 397 staff.It has 50 stores nationwide - including 20 in Scotland - and employed 397 staff.
Of that number, 156 staff were employed in Scotland.
Administrator Tenon said the remaining shops - including 13 in Scotland - would continue to trade while it searched for a buyer.Administrator Tenon said the remaining shops - including 13 in Scotland - would continue to trade while it searched for a buyer.
Tom MacLennan, managing director of Tenon in Scotland, said: "The business has almost single handedly developed the market for High Street discount book selling.Tom MacLennan, managing director of Tenon in Scotland, said: "The business has almost single handedly developed the market for High Street discount book selling.
"A turnover of £30m clearly indicates that there is strong demand for discount stores on the high street.""A turnover of £30m clearly indicates that there is strong demand for discount stores on the high street."