Australian book chains Borders, Angus & Robertson and the Whitcoulls chain of newsagencies in New Zealand have been placed into voluntary administration by its private equity owners only a day after the Borders company in the US also collapsed.
The failure of Borders in Australia is not linked to the woes facing its namesake in America - they are owned by different corporations - but both have suffered from the rise of internet book sales and constrained consumer spending.
From here:
http://www.smh.com.au/business/borde...217-1axt9.html
Since Borders and A&R has been the only place I've been buying ebooks from, this comes as really bad news.
The company that owned the three is called REDgroup Retail Pty Ltd.