It's taking them awhile.
What carpetmojo says about Waterstones confuses me. Do they mean that Waterstones has a separate ebook store people can buy ebooks from? From what they say in the press release and on the page, it doesn't seem to be the case? Or do you mean physical books?
Anyway how do these terms compare to Kobo's terms? Does Kobo also have a six month buyback period (is that usual in the retail world?) and do they also give a 10% cut?
I found this article about how independent bookstores are doing with Kobo's program. It seems at least the device discount is more generous, but it seems the book discount is less?
http://www.digitalbookworld.com/2013...e-still-small/