01-25-2010, 03:08 PM
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#1
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Out of print
Posts: 487
Karma: 1549538
Join Date: Jun 2007
Location: Madrid, Spain
Device: Sony PRS-500 (recycled), Pocketbook Inkpad X Pro
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Borders has a 50/50 chance of survival
Quote:
Waldenbooks/Borders
2009 Store closures: 110 (Q4 2008 to Q3 2009)
Outook: Amazon.com continues to wreak havoc on traditional booksellers. The Borders unit says it will close an estimated 200 stores during the three months ending January 31, for a total of roughly 300 Waldenbooks stores over the past 13 months, close to 70 percent of all outlets. Retail analysts at Davidowitz & Associates give Borders Group, plagued with losses three years running, a 50-50 chance of survival.
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Who's Closing Stores in 2010
Where You Might Not Shop In 2010
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