The "ebook shops" are the worst. Amazon & Apple have their DRM'd copies, and Kobo may be even worse.
[Edit: tor books, not the other tor. Although presumably everything is there regardless of legal status]
The notable exception is Amazon: Kindle books are almost always DRMed from the same publishers.
Watermarks can of course be stripped, but so can DRM--the goal is just to add an extra barrier, which watermarks do without inconveniencing legitimate customers. I actually kind of feel it adds value--it gives my purchase an authenticity a pirated copy wouldn't have.
I recently bought these two (in DRM-free PDF and EPUB), mostly-happily paying twice what I'd have to for paperback or being locked to a jerky-reader:
* https://www.ebooks.com/en-us/book/210313783/programming-rust... ($60; for experienced systems programmers, this seems better than the free official book)
* https://www.ebooks.com/en-us/book/209970024/software-enginee... ($51; for front-loading Googliness)