Borders files for bankruptcy - Page 4

cromag · 02-16-2011, 04:11 PM

The one in our town is apparently safe. It's also about one mile from a Barnes and Noble.

Meanwhile, the Borders about 12 miles from here (towards NYC on a major highway with no bookstore competitors nearby) is closing.

bill_mchale · 02-16-2011, 04:19 PM

I suspect that while the general proximity of B&N and Borders stores might be part of the reason both are having trouble, that the decision on which stores to close is based on how well the individual stores are doing. There can be a lot of factors involved in that. Number of customers, how expensive the retail space is, etc.

--
Bill

kennyc · 02-16-2011, 06:12 PM

Grimm · 02-16-2011, 06:35 PM

The local Borders here is closing. It's in a tucked away location anyway in a strip mall kind of thing. The local B&N nearby to Borders attached to the HUGE Mall here seems to be doing really well though. I'm glad for that as I prefer B&N anyway, still it's a shame to see a bookstore close.

teadonkey · 02-16-2011, 07:23 PM

Quote:

Originally Posted by shorttimer1

They did say it would be all Superstores they are closing and not Waldenbooks or Borders Express. They will continue to honor gift cards but with so much debt their selection will probably deteriorate. They already owe bunches to the publishers. Personally, I doubt this storied company will be able to pull a rabbit out of its hat.

They lied. We have a Waldenbooks, they announced a few days ago that they are closing. They're selling out all their stock and wasting no time.

What's weird is, it's our only bookstore for like 30 miles, maybe more. I guess you could call the little indie coffee shop thing a bookstore because they sell some books, but they don't really sell a lot. So I can't see how they were doing bad. I hardly bought anything there because the prices were outrageous, but they always seemed to have people in it.

GlenBarrington · 02-16-2011, 07:26 PM

Quote:

Originally Posted by tubemonkey

In the case of CircuitCity and CompUSA, those online storefronts have nothing to do with the original stores. The names were sold after the stores went under.

CircuitCity, CompUSA, and TigerDirect are all owned by the same company - Systemax.

Yes, I suspect we will see an internet site with the Borders Logo before long. In this case that would be ironic since their lack of serious presence on the internet was a major cause of why they went under. You need that 'ePresence' to survive anymore. And before they understood that, it was too late for them.

I expect a Circuit City type ending more than I do a Kmart/Sears ending.

caleb72 · 02-16-2011, 08:39 PM

I wonder how long it will be before this starts impacting overseas operations. No listing for Australia closures as yet.

Regards
Caleb

magicmonster · 02-16-2011, 09:12 PM

What killed my borders was poor selection, inability to locate book types (genre) in the store and a location that was hard to get in and out of. No one that I know ever went there due to these limitations.

FizzyWater · 02-16-2011, 09:27 PM

They've already updated their Store Locator - both of the Columbus Borders stores are closing, and it says so on their website.

sabredog · 02-16-2011, 09:45 PM

It does look like the Borders franchise in Australia will be protected. How long one only wonders but it seems Borders will live on down under for a while yet.

Boston · 02-16-2011, 09:58 PM

Received in my email

http://f.chtah.com/i/9/276579820/reo...rdEmail_03.jpg

For me, on-line book shopping won't replace spending time in a bookstore (one of my favorite places to go).

bill_mchale · 02-16-2011, 11:34 PM

Quote:

Originally Posted by sabredog

It does look like the Borders franchise in Australia will be protected. How long one only wonders but it seems Borders will live on down under for a while yet.

Isn't Borders in Australia a completely different company?

--
Bill

sabredog · 02-16-2011, 11:39 PM

Not sure if this has been linked or not...

http://bookbee.net/the-borders-bankr...the-good-news/

djorkboy · 02-17-2011, 12:21 AM

Borders Australia is not the same company as Borders in the US, but in some sort of bizarre coincidence (or not) Borders Australia has today been placed into administration (roughly, the Australian version of filing for chapter 11).

This also effects Angus & Robertson, a bookstore chain owned by the same company as Borders Australia that opened it's first store in 1884 in Sydney.

sabredog · 02-17-2011, 12:48 AM

Really?

Crikey, that is contrary to what has been said recently (Bookbee) but not entirely unexpected.

http://www.news.com.au/business/bord...-1226007690029

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Borders headed for bankruptcy filing	jocampo	News	26	02-16-2011 01:08 AM
Bloomberg: Borders May file for Bankruptcy	fjtorres	News	13	02-12-2011 04:36 AM
Polymer Vision is declared Bankruptcy	Zarkov	News	1	07-16-2009 10:04 AM
Short Fiction Fitzgerald, F. Scott: Emotional Bankruptcy. v1. 04 Jan 09	Dr. Drib	BBeB/LRF Books	0	01-04-2009 11:08 AM

02-16-2011, 04:11 PM	#46
cromag Surfin the alpha waves ~~ Posts: 26,299 Karma: 459765791 Join Date: Dec 2010 Location: New Jersey Device: Jetbook Lite & Mini, Nook STR, Kobo, Hanvon N516, Kindle 2, Androids	The one in our town is apparently safe. It's also about one mile from a Barnes and Noble. Meanwhile, the Borders about 12 miles from here (towards NYC on a major highway with no bookstore competitors nearby) is closing.

02-16-2011, 04:19 PM	#47
bill_mchale Wizard Posts: 1,451 Karma: 1550000 Join Date: Sep 2008 Location: Maryland, USA Device: Nook Simple Touch, HPC Evo 4G LTE	I suspect that while the general proximity of B&N and Borders stores might be part of the reason both are having trouble, that the decision on which stores to close is based on how well the individual stores are doing. There can be a lot of factors involved in that. Number of customers, how expensive the retail space is, etc. -- Bill

02-16-2011, 06:12 PM	#48
kennyc The Dank Side of the Moon Posts: 35,897 Karma: 119230421 Join Date: Sep 2009 Location: Denver, CO Device: Kindle2; Kindle Fire

02-16-2011, 06:35 PM	#49
Grimm DRM killer Posts: 471 Karma: 793120 Join Date: Oct 2010 Location: Just northeast of Atlanta, GA Device: ASUS Transformer Prime (Sold: Nook, Kindle 3, Nook Color, Nook STR)	The local Borders here is closing. It's in a tucked away location anyway in a strip mall kind of thing. The local B&N nearby to Borders attached to the HUGE Mall here seems to be doing really well though. I'm glad for that as I prefer B&N anyway, still it's a shame to see a bookstore close.

02-16-2011, 08:39 PM	#52
caleb72 Indie Advocate Posts: 2,863 Karma: 18794463 Join Date: Sep 2010 Location: Melbourne, Australia Device: Kindle	I wonder how long it will be before this starts impacting overseas operations. No listing for Australia closures as yet. Regards Caleb

02-16-2011, 09:12 PM	#53
magicmonster Groupie Posts: 170 Karma: 1033664 Join Date: Sep 2009 Device: Kindle 3, Nook Color, & Dell Axim X50v	What killed my borders was poor selection, inability to locate book types (genre) in the store and a location that was hard to get in and out of. No one that I know ever went there due to these limitations.

02-16-2011, 09:27 PM	#54
FizzyWater You kids get off my lawn! Posts: 4,220 Karma: 73492664 Join Date: Aug 2007 Location: Columbus, Ohio Device: Oasis 2 and Libra H2O and half a dozen older models I can't let go of	They've already updated their Store Locator - both of the Columbus Borders stores are closing, and it says so on their website.

02-16-2011, 09:45 PM	#55
sabredog Geographically Restricted Posts: 2,629 Karma: 14933353 Join Date: Dec 2008 Location: Perth, Australia Device: Sony PRS-T3, Kindle Voyage, iPad Air2, Nexus7v2	It does look like the Borders franchise in Australia will be protected. How long one only wonders but it seems Borders will live on down under for a while yet.

02-16-2011, 09:58 PM	#56
Boston Fanatic Posts: 555 Karma: 40032 Join Date: Oct 2008 Location: Boston :) Device: Kindle, Kobo Aura H20, Pixel XL	Received in my email http://f.chtah.com/i/9/276579820/reo...rdEmail_03.jpg For me, on-line book shopping won't replace spending time in a bookstore (one of my favorite places to go).

02-16-2011, 11:39 PM	#58
sabredog Geographically Restricted Posts: 2,629 Karma: 14933353 Join Date: Dec 2008 Location: Perth, Australia Device: Sony PRS-T3, Kindle Voyage, iPad Air2, Nexus7v2	Not sure if this has been linked or not... http://bookbee.net/the-borders-bankr...the-good-news/

Advert

Advert

02-17-2011, 12:21 AM	#59
djorkboy Member Posts: 16 Karma: 10 Join Date: Sep 2010 Device: Kobo	Borders Australia is not the same company as Borders in the US, but in some sort of bizarre coincidence (or not) Borders Australia has today been placed into administration (roughly, the Australian version of filing for chapter 11). This also effects Angus & Robertson, a bookstore chain owned by the same company as Borders Australia that opened it's first store in 1884 in Sydney.

02-17-2011, 12:48 AM	#60
sabredog Geographically Restricted Posts: 2,629 Karma: 14933353 Join Date: Dec 2008 Location: Perth, Australia Device: Sony PRS-T3, Kindle Voyage, iPad Air2, Nexus7v2	Really? Crikey, that is contrary to what has been said recently (Bookbee) but not entirely unexpected. http://www.news.com.au/business/bord...-1226007690029