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      CommentAuthorBexx B.S.
    • CommentTimeFeb 16th 2011
    Wall Street Journal - Borders files for Chapter 11

    and here is the complete list by state from the Company.
    list of closing stores

    It's heartbreaking, as I spent 11 years working for that Co. I actually quit this past December so I could focus on working from home. The two stores I worked for are on the list.

    But I, along with other a bunch of people knew in our hearts it was coming. It's really an unfortunate thing to of happened. eBooks are nice, but nothing compares to picking up an actual book.
  1.  (9556.2)
    Oh man the Union Square store in San Francisco is going. When I visited SF the scale of that store, compared to UK stores I'd been in, blew my mind.
    • CommentAuthormanglr
    • CommentTimeFeb 17th 2011
    I shopped the original Borders in Ann Arbor years during and after college prior to the corporate expansion of the company. It was my platonic ideal of what a bookstore should be. Unfortunately, as the company expanded, the stores seemed to get farther and farther away from offering a unique selection of books.

    I'm in Boston now, and the closest remaining Borders are shutting down. Which is fine I guess as I've not been to one in years. Harvard Books and Amazon get my money now, as there is still nothing like picking up an actual book.

    Maybe the alpha Borders on Liberty Street will be able to rise from the ashes. If not, well, the core of my library still has Borders bookmarks in them anyway.
  2.  (9556.4)

    The Borders store at the corner of Washington and School Streets near Downtown Crossing will remain open.
    Sometimes I'll browse through there on my lunch break. I'll also browse the COOP or Harvard Book Store from time to time.

    I've easily lost an hour or two in some of the smaller used book shops in Cambridge.
    • CommentAuthorRenThing
    • CommentTimeFeb 17th 2011
    The Borders in my local mall is on the chopping block, as is one in the East Bay where a number of my friends work. 8(
      CommentAuthorCameron C.
    • CommentTimeFeb 17th 2011
    Only sadness I feel (Being a screwed over former employee :P ) is that my old store is closing and I still know a bunch of people that work there. D:
  3.  (9556.7)
    Rather surprised the local borders (Local meaning several hrs away) isn't closing. Stock there's been crap for the past several years (They try to hide it by constantly re-aranging the shelves, as if you won't notice far fewer shelves if they change the layout), and quality of help's pretty much gone down.
    • CommentTimeFeb 17th 2011
    My hometown Borders closed a couple of years ago. Strange to watch it happen again on such a large scale.
      CommentAuthorBexx B.S.
    • CommentTimeFeb 17th 2011
    I just got back from visiting my old store and talked to co-workers. For some of them they see it as the boost they needed to find other jobs. - but the kids with rent to pay, it's gonna be hard.

    The liquidation sales start this Saturday as they will be losing their employee discount this Friday. Friday is also the last day of the cafe. I was told it had already started with the customers acting like vultures.

    I'm kinda shocked over a couple of the huge stores that are closing.. especially the one up in S.F. it's HUGE!...
  4.  (9556.10)
    Perhaps interesting: the volume of the unsecured debt to Diamond Comics Distributors is a hair under four million dollars.
    • CommentAuthorStefanJ
    • CommentTimeFeb 17th 2011
    NO Borders are closing in Oregon, and only two in Washington state.

    The nearest Borders is a bit too far to for casual visits, so I don't go to often. I'm kind or surprised it is still open, because a half of a mile down the street is an outlet of Powell's, which is far, far better bookstore, and is on the author reading / signing circuit.

    Ugh . . . liquidation sales. What a squalid business. They usually hand over management to professional screw artists. They jack up prices, then knock off a certain percentage. Makes people think they're getting bargains. Might work differently for books stores, where most books are sold at cover price.
  5.  (9556.12)
    Living in their home city Ann Arbor, I have noticed that in the past year the quality of their 3 stores in the city drop. Even genreral things like cleaning skills seemed to be lacking. Even their original store downtown, which used to be cutting edge and carry things that others didn't, became blah. And that was before they stopped paying their bills. I don't think any of us here are really surprised at the announcement. And why did we need 3 store in one city anyway?
  6.  (9556.13)
    I'm glad to see the one near me is staying open. Honestly, that place seems pretty busy most of the time, so I was surprised to hear about their financial difficulties. I really hope they manage to pull out of their tailspin. I like Borders far more than I can justify liking a big-box store.
      CommentAuthorBexx B.S.
    • CommentTimeFeb 17th 2011
    Perhaps interesting: the volume of the unsecured debt to Diamond Comics Distributors is a hair under four million dollars

    Yeah, we had stopped getting any new graphics in just before I left last year in December. - This probably also means that the stores that are staying afloat might not get any new graphics in too.

    It was just so strange walking in there today - it already seemed like a ghost town.
  7.  (9556.15)
    I actually liked shopping for CDs at the local one a few years ago (they had a nice selection of metal), but the music section was gutted long ago.
    • CommentAuthor256
    • CommentTimeFeb 18th 2011

    Am I totally mistaken in thinking that sales in brick-and-mortar bookshops have been tanking for years, since before the ebook market explosion? Was under the impression that web retailers (ok, Amazon) have been undercutting them savagely.
    • CommentAuthormanglr
    • CommentTimeFeb 18th 2011
    Perhaps Borders made a wee tactical error when it partnered with Amazon for it's web business.

    I'll probably pop buy my localest store this weekend to see if the clearance sale has started...hopefully whatever discounts are in place will be able to beat Amazon pricing.

    @Steven Thomas - you're quite right, I'd forgotten about the Downtown Crossing Borders...walk buy it all the time, but it had sorta faded into the background long ago.
    • CommentTimeFeb 18th 2011
    Somehow the store in Fort Wayne is staying open, despite being across the street from both a Barnes and Noble and a Half Price Books. Something like six other stores in Indiana are closing up, but this one, remarkably, is staying. I can only think it's market redundancy in the case of the others.
      CommentAuthorJay Kay
    • CommentTimeFeb 18th 2011
    The store near by my house is closing too--very sad. I really liked that store.
      CommentAuthorPurple Wyrm
    • CommentTimeFeb 18th 2011 edited
    Not sure what's going to happen to the branches here in Australia - they've gone into receivership but seem to be remaining open for the time being. The administrators are screwing people over though, they've declared that if you have a gift voucher you have to spend the same amount in real money before they'll honour it, the bastards.

    The Perth branch is easily the biggest bookstore in the city (and hence by definition the biggest bookstore for a good 2,000km in all directions) and its range has always been fantastic. I hope they manage to keep afloat.

    (Edited because it's too early in the morning to spell correctly, apparently)