Borders to be Sold?

Kingston · 03-25-2008, 08:18 PM

DETROIT - Borders could become the latest victim of the credit squeeze, announcing Thursday that it may put itself up for sale. Rival Barnes & Noble, meanwhile, saw fourth-quarter profits drop 9 percent as the industry struggles with intense competition from discounters.

Shares in Borders tumbled more than 39 percent as the nation's second-largest bookseller said it was considering options including the sale of the company or certain divisions, and that it had lined up $42.5 million in financing to help it keep running through the year.

http://news.yahoo.com/s/ap/20080320/...U8CkWDW_xeW7oF

zeek2517 · 03-25-2008, 08:57 PM

Huh, That's kind of suprising. I don't see how WalMart or Target can compete in the book department. Sure WalMart and Target carry the best seller list but Borders and B&N have a much larger selection in their stores. Maybe people are buying more books from Amazon? I walk into WalMart or Target and their book selection is usually generally pathetic.

Ervserver · 03-25-2008, 09:22 PM

I think Target and some Wal Marts have a quite good selection of books, Sam's Club too

Alisa · 03-25-2008, 10:50 PM

My Target has a pretty good selection if what you are looking for is fairly recent and popular. It goes a bit beyond just the best-seller list but if a book has national publicity, it's probably at my Target. Stores like B&N & Borders stock a lot of older titles. If the new stuff is the biggest money maker then I wouldn't be surprised if the discounters are taking a chunk. The bookstore is a special trip for most people but they're at their big box discounter probably 2-4x/month. Easy to just grab a copy of Oprah's latest book club selection while you're picking up laundry detergent.

DaleDe · 03-25-2008, 10:55 PM

Did you guys not notice that this news is really old news. Check this thread from 5 days ago:
https://www.mobileread.com/forums/showthread.php?t=22122

Dale

Alisa · 03-26-2008, 12:53 AM

Yes. I guess I'm a bit indulgent.

03-25-2008, 08:18 PM	#1
Kingston Addict Posts: 238 Karma: 834 Join Date: Dec 2007 Location: SW Tennessee Device: Kindle, Iliad v2 & v1,Gen 3 from NAEB, Sony PRS-505, Jetbook	Borders to be Sold? DETROIT - Borders could become the latest victim of the credit squeeze, announcing Thursday that it may put itself up for sale. Rival Barnes & Noble, meanwhile, saw fourth-quarter profits drop 9 percent as the industry struggles with intense competition from discounters. Shares in Borders tumbled more than 39 percent as the nation's second-largest bookseller said it was considering options including the sale of the company or certain divisions, and that it had lined up $42.5 million in financing to help it keep running through the year. http://news.yahoo.com/s/ap/20080320/...U8CkWDW_xeW7oF

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03-25-2008, 08:57 PM	#2
zeek2517 Member Posts: 19 Karma: 382 Join Date: Jan 2008 Device: PRS-505	Huh, That's kind of suprising. I don't see how WalMart or Target can compete in the book department. Sure WalMart and Target carry the best seller list but Borders and B&N have a much larger selection in their stores. Maybe people are buying more books from Amazon? I walk into WalMart or Target and their book selection is usually generally pathetic.

03-25-2008, 09:22 PM	#3
Ervserver Wizard Posts: 2,624 Karma: 1008294 Join Date: Dec 2007 Location: Iowa, USA Device: Nook Simple Touch	I think Target and some Wal Marts have a quite good selection of books, Sam's Club too

03-25-2008, 10:50 PM	#4
Alisa Gadget Geek Posts: 2,324 Karma: 22221 Join Date: Aug 2007 Device: Paperwhite, Kindle 3 (retired), Skindle 1.2 (retired)	My Target has a pretty good selection if what you are looking for is fairly recent and popular. It goes a bit beyond just the best-seller list but if a book has national publicity, it's probably at my Target. Stores like B&N & Borders stock a lot of older titles. If the new stuff is the biggest money maker then I wouldn't be surprised if the discounters are taking a chunk. The bookstore is a special trip for most people but they're at their big box discounter probably 2-4x/month. Easy to just grab a copy of Oprah's latest book club selection while you're picking up laundry detergent.

03-25-2008, 10:55 PM	#5
DaleDe Grand Sorcerer Posts: 11,470 Karma: 13095790 Join Date: Aug 2007 Location: Grass Valley, CA Device: EB 1150, EZ Reader, Literati, iPad 2 & Air 2, iPhone 7	Did you guys not notice that this news is really old news. Check this thread from 5 days ago: https://www.mobileread.com/forums/showthread.php?t=22122 Dale

03-26-2008, 12:53 AM	#6
Alisa Gadget Geek Posts: 2,324 Karma: 22221 Join Date: Aug 2007 Device: Paperwhite, Kindle 3 (retired), Skindle 1.2 (retired)	Yes. I guess I'm a bit indulgent.

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