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Amazon-Owned Book Depository to Shut Down Operations After Almost Two Decades in Business
(MENAFN) Amazon subsidiary, Book Depository, will be closing its doors after almost two decades in operation, the UK-based bookseller announced on Wednesday. This comes as a shock to book lovers across the globe who have come to rely on the company for its vast collection of books and free shipping to over 120 countries.
The closure will take place on April 26, however, customers can still place their orders until midday UK time on that day, and Book Depository will continue to provide support until June 23. The reason for the closure is not stated, however, it comes as part of Amazon’s efforts to reduce costs and streamline its operations.
Book Depository was founded in the UK in 2004, by Andrew Crawford, and quickly became known for its large inventory of books and free delivery worldwide. The company's popularity soared, and it was acquired by Amazon in 2011, making it a part of the largest online retailer in the world. Since then, it has continued to offer its customers a wide range of books, including rare and hard-to-find titles, at competitive prices.
The closure of Book Depository has left many wondering where they will be able to purchase books online, especially those who live in countries with limited access to bookstores. Book Depository was known for its vast collection of books, which made it a go-to destination for book lovers worldwide. However, it is still unclear what will happen to the inventory of books after the closure.
The closure of Book Depository is part of Amazon’s efforts to reduce costs and streamline its operations. In January of this year, Amazon CEO Andy Jassy announced that the company would cut more than 18,000 jobs worldwide, citing “uncertain” economic conditions and the company’s rapid hiring over the past few years. “We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support,” Jassy wrote in the blog.
In March, Amazon also announced that it would cut a further 9,000 jobs, adding to the number of employees that have already been affected by the company's cost-cutting measures. While Amazon's cost-cutting measures are understandable in light of the uncertain economic conditions, the closure of Book Depository has come as a surprise to many, and has left a void in the online book market that will be difficult to fill.
The closure will take place on April 26, however, customers can still place their orders until midday UK time on that day, and Book Depository will continue to provide support until June 23. The reason for the closure is not stated, however, it comes as part of Amazon’s efforts to reduce costs and streamline its operations.
Book Depository was founded in the UK in 2004, by Andrew Crawford, and quickly became known for its large inventory of books and free delivery worldwide. The company's popularity soared, and it was acquired by Amazon in 2011, making it a part of the largest online retailer in the world. Since then, it has continued to offer its customers a wide range of books, including rare and hard-to-find titles, at competitive prices.
The closure of Book Depository has left many wondering where they will be able to purchase books online, especially those who live in countries with limited access to bookstores. Book Depository was known for its vast collection of books, which made it a go-to destination for book lovers worldwide. However, it is still unclear what will happen to the inventory of books after the closure.
The closure of Book Depository is part of Amazon’s efforts to reduce costs and streamline its operations. In January of this year, Amazon CEO Andy Jassy announced that the company would cut more than 18,000 jobs worldwide, citing “uncertain” economic conditions and the company’s rapid hiring over the past few years. “We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support,” Jassy wrote in the blog.
In March, Amazon also announced that it would cut a further 9,000 jobs, adding to the number of employees that have already been affected by the company's cost-cutting measures. While Amazon's cost-cutting measures are understandable in light of the uncertain economic conditions, the closure of Book Depository has come as a surprise to many, and has left a void in the online book market that will be difficult to fill.
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