Australian online bookseller Booktopia in freefall as administrators called in (www.abc.net.au)

submitted 4 days ago by [email protected] to c/[email protected]

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In short: Australian book retailer Booktopia has gone into voluntary administration.

The company has been trading at a loss for over a year and earlier made 50 staff redundant.

What's next? Administrators are looking at selling or restructuring the main Booktopia business and its three subsidiaries.

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[-] [email protected] 2 points 4 days ago

"There's no doubt, some of the bleed from online will go to Amazon," he said, describing the prospect as worrying.

How many major competitors remain?

this post was submitted on 03 Jul 2024

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