Menu

Search

  |   Business

Menu

  |   Business

Search

Amazon abolishes its Book Depository bookseller to reduce costs

Photo by: Christian Wiediger/Unsplash

Amazon Inc. has been making efforts to cut costs due to uncertainties in the business. One of the steps it is taking to lessen expenditures is to shut down its Bood Depository online bookselling business.

The Book Depository is a UK-based online bookseller that boasts a large book catalog. It offers free shipping almost anywhere in the world, as it is available in about 160 countries. However, its owner, Amazon Inc., said that it had made the decision to discontinue its operations and will be closed on April 26.

Amazon is getting rid of its global online bookseller, and this was announced by Book Depository through its website and social media accounts. The book retailer said this week that its operations would officially stop before this month ends after selling books to global customers for almost two decades.

Fox Business mentioned that although its business is coming to an end, customers may still place some orders until mid-day on April 26. The Depository will continue to deliver the ordered books until June 23.

It was in 2011 when Amazon acquired Book Depository, and it was able to sell more than 20 million books already. Customers around the world enjoyed free deliveries regardless of their location.

“We are sorry to let you know that Book Depository will be closing on 26 April 2023,” the book seller wrote on Twitter on Tuesday, April 4. “You can still place orders until midday (12pm BST) on 26 April and we will continue to deliver your purchases and provide support for any order issues until 23 June 2023.”

On a separate note that was posted on its main website, the company thanked its customers and said that it has been a pleasure to serve them and deliver their favorite books since 2007.

The Book Depository has been shipping thousands of books every day worldwide from its warehouses in the United Kingdom and Australia, but unfortunately, the business is officially closing.

Photo by: Christian Wiediger/Unsplash

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.