This is a real shame.
As far as I know, I never met Derrick Meakins, but I used Baytree Bookshop many times over the years. His shop will be missed but I hope that he enjoys his retirement.
From the perspective of Waterlooville town centre this is bad news. Yet another shop closing and I would think not much likelihood of a replacement business. This is a real blow as we are slowly losing any traditional shops. With the Sainsburys development starting over to the west of the town there is very little left to draw folks into the centre.