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Borders Books May File For Bankruptcy: Update: Total Closing

Borders failed because of two factors:

1) They don't have a successful mail-order book business to fall back upon.

2) They totally blew it by not shipping their own branded name e-book reader when the field was wide open, especially with the limited distribution of the Amazon Kindle until just recently.

As such, I see Barnes & Noble be even more aggressive into the e-book market, because this will allow for a lot more titles to be available for the Nook e-book reader.
 
The big mall store near me is closing, but the shopping center store remains open. Are they bailing on the high overhead locations? This might be a good bankruptcy strategy.
 
senseless said:
The big mall store near me is closing, but the shopping center store remains open. Are they bailing on the high overhead locations? This might be a good bankruptcy strategy.
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It probably has something to do with cost to performance ratio. Bigger stores would need to sell a lot of wares to stay open.
All the store in my state are closing. I really liked that place more than B&N to buy books.
Think there will be any going out of business liquidation sales, or will they just move the inventory to remaining stores?
 
appleguy123 said:
It probably has something to do with cost to performance ratio. Bigger stores would need to sell a lot of wares to stay open.
All the store in my state are closing. I really liked that place more than B&N to buy books.
Think there will be any going out of business liquidation sales, or will they just move the inventory to remaining stores?
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When F.Y.E. closed stores in Chicago - they did their own store closings rather than hand it over to liquidators. Unsold inventory went to surrounding stores.

Yet, other stores I know used liquidators only with the stores that were closing so that inventory was the property of the liquidator.

You can tell if the signs they use for the discounts are not really the store's "style"... ;)
 
I went in tonight to use up a $25 gift card and the place was not that busy. If I went up the street to Barnes and Noble in the mall I bet the place would be busy.
 
Apex, Cary, raleigh, And chapel hill are all closing which are all the ones near me. I prefer them because I prefer seattle's best coffee and just the overall feel of their stores. Ah well, no one reads anyway, right? :p
 
My local Borders is on the list. Big store. Going to head over there in a bit and see what they got.
 
gkarris said:
Please, share with us....

Was wondering if it's worth the trip to the one up north from where I work.
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The Seattle's Coffee was closed already. Other than that, it was business as usual. I guess they need a few days to determine what is good inventory and what gets liquidated.
 
The Borders up here (Anchorage, AK) has announced that it will be among the closures. They are starting a liquidation sale this weekend. We also have a (considerably busier) Barnes & Noble, as well as a large and popular used book store, so I don't think it will affect us much in terms of book availability.

I don't really miss these big box stores too much.
 
I totally forgot about that huge mistake Borders made in 2001...When they divested their online book selling business to Amazon. Borders wanted to only focus on selling books at physical stores and have Amazon handle any online book selling. That worked out well, didn't it? I remember how weird it was going onto the Borders website and then being sent to Amazon when browsing or selecting a book. I wonder how much that strategy ended up hurting them in the long run.... :rolleyes:
 
Antares said:
I totally forgot about that huge mistake Borders made in 2001...When they divested their online book selling business to Amazon. Borders wanted to only focus on selling books at physical stores and have Amazon handle any online book selling. That worked out well, didn't it? I remember how weird it was going onto the Borders website and then being sent to Amazon when browsing or selecting a book. I wonder how much that strategy ended up hurting them in the long run.... :rolleyes:
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Yes, I remember that now too - I had gotten a gift card for Borders. Of course, the store didn't have what I wanted, so I went to the website. The order was fulfilled by Amazon, but had to pay Border's prices... :eek:

Well, it was a gift anyways, though Border's price was $40 plus shipping and local tax, and Amazon's was $35 free shipping no tax...

Obviously, didn't work too well...
 
If these are liquidation "sales" you are not going to save anything as all the prices will be jacked up before being "discounted".
 
I passed by the local Borders (Anchorage, AK) today and poked my head in out of sheer curiosity. They had people holding "STORE CLOSING SALE! EVERYTHING MUST GO!" signs on the street corners.

The store was packed to the gills inside, the line for the registers wound all the way to the back of the store. Random books were piled on tables and even on the floor, abandoned. A woman on the PA announced that the store would be open for "several weeks" and urged people not to buy anything today if they could avoid it, due to the crowding. Most people in line had at least a half-dozen items or more. One guy and his girlfriend had three shopping baskets full of books.

The sales are really not that impressive, 20% off just about everything, some things were 40% off. The coffee shop was closed. I think I'll come back in a week or so to see if they cut prices further.

Most of the panic-buyers were using gift cards.
 
The store near me was packed. 20% off all. Books and magazines were 40% off. There were some 30% sales sprinkled in but it was mostly 20% off. Checked out a few book prices. Paying cover plus the discount and it was still cheaper at amazon.com. The magazines prices were not to bad. Picked up a few things. The lines were long but moved pretty fast. I will be going back in about a week or so when I see the 30-50% of signed hanging. I actually wouldn't mind some of the shelving. There were no prices as of today on the shelves.
 
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rhett7660 said:
How ere the magazines prices were not to bad. Picked up a few things.
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There are a couple of magazines I want, I'll probably check in some evening this week and pick up one or two.

rhett7660 said:
I actually wouldn't mind some of the shelving. There were no prices as of today on the shelves.
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I want one of the easy chairs actually, but I bet all that stuff is going to go to auction.
 
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