Two city bookstores face closure
IPSWICH is in danger of losing one of its few mainstream bookstores following news the Angus & Robertson chain has been placed into voluntary administration.
There are currently two Angus & Robertson stores in the Ipswich area – at Riverlink and Redbank Plaza – and while they will carry on as usual in the short term, there is a chance either or both could close.
The business that controls both Angus & Robertson and Borders bookstores in Australia – REDgroup – last October revealed it had copped a full-year loss of $43 million.
The increase in internet book sales combined with the general tightening of consumer belts has been attributed to the failure of traditional book stores.
Having just purchased a handful of books for himself and his family from Angus & Robertson at Riverlink yesterday, Woodend man Nick Rees said it was up to Ipswich to support the stores or face losing them.
“People are buying online because it is cheaper and you don't have to leave the house, but I believe we need businesses like Angus & Robertson to stay in Ipswich and they deserve our support,” he said.
“Remember they are only in voluntary administration, so if more people shop here it might give them a reason to stay.”
Yamanto customer Dorothy Smallwood said she preferred to shop in the store rather than on the net because she liked to be able to see what she was buying.
“I like to shop around the different book stores, so it would be sad to see any of them disappear,” Mrs Smallwood said.
Angus & Robertson's life in Australia began in 1886 when David Angus and George Robertson opened the first shop in Sydney.
It is currently Australia's largest book retailer, with 103 directly owned stores and 61 franchised outlets across the country.
Borders and Angus & Robertson employ 2500 people.
Administrator Ferrier Hodgson will conduct an urgent assessment of REDgroup's financial status prior to the first meeting of creditors, which is likely to occur in March.
In a public statement, the administrator called on customers to continue to shop at their local outlets.