Posted on 07/18/2011 3:21:56 PM PDT by Sprite518
Borders Group Inc. said it would liquidate after the second-largest U.S. bookstore chain failed to receive any offers to save it.
Borders, which employs about 10,700 people, scrapped a bankruptcy-court auction scheduled for Tuesday amid the dearth of bids.
The chain said it will ask a judge Thursday to approve a sale to liquidators led by Hilco Merchant Resources and Gordon Brothers Group.
The liquidation of the company's remaining 399 stores could start as soon as Friday, and the chain is expected to go out of business for good by the end of September, the company said.
(Excerpt) Read more at online.wsj.com ...
A library is a static bookstore. I wonder to what extent local governments could adopt a hybrid library/bookstore concept?
Brought to you through the courtesy and plan of the Marxists in control of our government and economy. What’s next? Disneyland?
I have to admit, I use Amazon or other on-line retailers for books. The last time I went into a brick-and-mortar bookstore, they did not have anything that was on my “to buy” list.
Borders had a lot of problems. I was really hoping some company would want the Waldenbooks stores, since those seemed to be doing a bit better than the superstores. B&N got rid of their B.Daltons stores a while back, too, and last time I checked B&N’s superstores are bleeding red ink. Might be time to go back to small convenience-type bookstores, ones that cater to both dead tree and e-books.
I don’t think the economy can be blamed for this one. Always a little behind the curve, Borders was late to the e-reader game.
The Kindle and Nook killed them.
My sister in law is a librarian and says since she is new she holds the job of Bum Shuffler. Moving the bums in and out of the place.
I stopped one day at the Borders store at southridge mall in greendale Wisconsin . On the front door was a bright yellow sign proclaiming their support for GLBLT customers. Fine for them, however I choose to shop elsewhere. Bye bye Borders we hardly knew you.
I lived in Portland, OR. for about 10 years, and fondly remember Powell’s books. It’s literally an entire city block, three stories high, with books in every language you can imagine. The last I checked, they’re still in business. They must be doing something right. You can find them online....Google Powell’s Books Portland Oregon.
I used to know a guy who worked for them and yes it was run by a bunch of Leftists. Good riddance.
barack hussein obama...
Mmmmmmmmmm... Mmmmmmmmmmm... Mmmmmmmmmmm!
LLS
Yes, and the IPad. Unfortunately for the employees, this is a buggy whip company killed by electronic media, just like Blockbusters, or your local record store.
http://www.ft.com/cms/s/0/6458f810-b147-11e0-a43e-00144feab49a.html#axzz1SVAB1oJv
Reader’s Digest Association, the 90-year-old publishing and marketing company that emerged from bankruptcy last year, is looking to sell itself for at least $1bn, according to people with knowledge of the plans.
The company publishes more than 90 magazines, including the eponymous title with which it made its name in the postwar US, and Every Day with Rachael Ray. It also runs a successful direct marketing operation. Reader’s Digest UK is owned and operated independently.
I’ve been to their website :) I think there will always be a market for dead tree bookstores.
E-books may have been the last nail in the coffin, but it’s not just about e-books. Last I knew the margins for e-tailers stunk. There’s a lot going on. Too much cr@p being published at too high a price. Loony real estate deals that soaked the company. High cost of labor for big boxes. Transpo and warehousing costs. Execrable buying and marketing decisions. Borders’s board just stunk.
Wow—holding a grudge against Borders Books because the organist was late for your wedding. That’s some twisted and displaced anger. Do you kick the dog too?
Another downed business is the liberals` wet dream, so at least someone will derive some joy out of it. To Americans, it is a shame.
I truly miss any bookstore if just because I need more readers to help subsidize my reading habits.
However, the end is in sight for the “regular” NYC publishing industry. Print-on demand and electronic books are the future.
I think it is the largest bookstore west of the Mississippi.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.