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Old 03-25-2008, 08:18 PM   #1
Kingston
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Post 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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Old 03-25-2008, 08:57 PM   #2
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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.
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Old 03-25-2008, 09:22 PM   #3
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I think Target and some Wal Marts have a quite good selection of books, Sam's Club too
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Old 03-25-2008, 10:50 PM   #4
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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.
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Old 03-25-2008, 10:55 PM   #5
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Did you guys not notice that this news is really old news. Check this thread from 5 days ago:
http://www.mobileread.com/forums/showthread.php?t=22122

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Old 03-26-2008, 12:53 AM   #6
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Yes. I guess I'm a bit indulgent.
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