Less than a year after relocating from Bermondsey Square to Bankside, independent bookshop Woolfson & Tay has announced its closure.
"Financially, we've been doing a lot better, thanks to our many new regulars, supporters and fans," wrote Frances Tay in a closure announcement on the shop's blog.
"For that, we are eternally grateful. Sure, Shivaun and I still haven't earned a bean yet, but at least most months we've been able to pay the bills. That said, we must face the undeniable fact that we're more successful as a cafe than as a bookshop."
However, the duo have concluded that "... all the signs suggest that there is little scope in the immediate future for W&T to emerge as a successful indie bookshop-cum-literary and community hub".
The store is open for Christmas shopping until Christmas Eve and then a closing down sale begins on Monday 6 January.
For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.
7,000+ locals read it every week. Can you afford to miss out?
Read the latest issue before signing up