Borders bankruptcy for those who missed it.

8 years ago | Letitia Coyne (Member)

I'm guessing most people have seen this, but just FYI.

http://www.bloomberg.com/news/2011-02-17/borders-bankruptcy-may-snuff-ackman-s-stake-merger-ambitions.html

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Responses

  1. Alexander.Hollins (Member)

    Posted 8 years ago

    Yeah, I got the email, heh. I don't see this as too big a deal. They overextended, put stores where they didn't need to, and are doing a chapter 11 restructure. I really don't see it as a sign of the times at all.

  2. Lucy Weaver (Member)

    Posted 8 years ago

    It probably means changes for the major publishers who they owed lots of money, too.

  3. Ryan A. Span (Member)

    Posted 8 years ago

    Years of bad business decisions drive retail group into the ground. News at eleven.

    Borders closed all its stores on this side of the pond a long time ago, so I can't say I'm sad to see them go. I used to like hanging out at the one in Oxford but it was never a place I bought anything. Their selection was rubbish, their aisles cramped and their shelves permanently disorganised. I much preferred Waterstone's for books, because in the end all I wanted was a thing to take home, not to sit in a cafe for hours reading without paying for it.

    Regards,
    Ryan

  4. Letitia Coyne (Member)

    Posted 8 years ago

    It might be a bigger deal for Australia, where Borders / A&R Bookworld [and Whitcoulls, NZ] are two of the big four. Collins is online, and that leaves Dymocks.

    In Dec 2010 Borders topped out the customer satisfaction surveys here.

    In re coffee house bookstores, Graham Lineham covered it well in Black Books.

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