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Posted by on Jul 20, 2011 in Business | 7 comments

Borders Closing

Bob Englehart, The Hartford Courant

This copyrighted cartoon is licensed to run on TMV. Unauthorized reproduction prohibited.

  • PATRICK EDABURN, Assistant Editor

    I am always sorry to see a bookstore go but I think there is validity in the analysis offered by some that Borders did themselves in.

    It wasn’t so much the internet/E Books as a poor business model.

  • DR. CLARISSA PINKOLA ESTÉS, Managing Editor of TMV, and Columnist

    I’d have to agree with you Pat. The whole bookstore flotilla has been on good and storm waters since the early 90s, but B & N’s model is to have had Riggio at helm for all these years. Poor Borders had, I think,maybe 10 CEOs over the last many years. In other words, too many business models for too short a time. Too, Borders needed a proprietary ereader device, but instead brought in sony ereader sales people to the stores, bugging people in the aisles with a highpriced device. The authors will suffer negative balances in the huge returns. The employees, as you know, onto the streets. Sad time in human terms, a set back, but onward we go. Have to.

  • Jim Satterfield

    I can only hope that B&N will move into the space left when the Borders near my house closes.

  • PATRICK EDABURN, Assistant Editor

    In my area we had 3 or 4 Borders within a short distance versus 2 B&N…

  • DLS

    Borders’s closing is truly a sad thing. I liked it better than B&N.

    What will the people in Ann Arbor (Michigan) feel when the flagship store (and at least one other store there that I’ve patronized) closes?

    All we can do for “hardware shopping” is to switch more to B&N — and of course, get ready for big, big, big discounts at the closing Borders stores. (Buy earlier, or wait for a bigger discount and hope the books you want haven’t been sold? That is the question again.)

    (I did this here in Albuquerque at a Borders store that already closed. There is a nicer store in a nicer neighborhood that now will close, and you can bet I’ll be there with my truck — I’ve had two trucks as they can hold enough books for me while autos cannot, as a rule. [grin] It’s Vulture Time as early as Friday! ha)

  • DLS

    St. Louis had a great Borders store in the Brentwood shopping center next to Whole Foods. Too bad it’s going to close — a big loss there.

    (Incidentally, the Borders store in the nice area here in ABQ that’s now to close is also right next to a really nice Whole Foods market.)

  • DLS

    Incidentally, a word to readers (perhaps gauged by lamentation over Borders’s closing) — please don’t neglect used book stores, or “gold mines” as I call them analogously. B&N for the new stuff, used book stores for the old. Can’t go wrong. (Borders, too, would be better.)

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