In Case you have not heard Borders is Reorganizing via Chapter 11!

In Case you have not heard Borders is Reorganizing via Chapter 11. I just received an email from Mike Edwards, President and CEO of Borders Inc. (www.borders.com) He blames or should I say references the ongoing impact of the difficult US economy in conjunction with the rapidly changing book selling environment.

As some of you know I am an avid book reader as well as book collector. Two weeks ago one of my all time favorite independent bookstores closed their doors forever (The Mystery Book Store in Westwood outside UCLA) I did not blog about it I was just too sad about the turn of events.

Borders on the other hand have been struggling for the past two years and it was just a matter of time when this was going to happen. I have been watching them closing one store after another. The Santa Monica Borders on the Third Street Promenade was one of my favorite stores.

Now I get this email and I am even sadder than before. If you would like more information, please visit  

http://www.bordersreorganization.com or contact them at ccare@borders.com

Sadly I think that the electronic reading devices have had a lot to do with this. As far as I am concerned and I hope the other book sellers manage to survive and prosper.

 

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24 Comments on In Case you have not heard Borders is Reorganizing via Chapter 11!

20 Most Recent Comments Displayed Show All

FEB
16
2011
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Victor it was not so long ago when Photography, the movie industry was "the old fashion way" The photography industry managed to make the switch to digital. Call me oldfashioned, I bought Diane an Olymus P-44OU Printer about 5 years ago so she could print out the pictures and be of the same quality as the old 35mm film/prints were.....

9:18pm • #5
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Liz & Bill I am with you, I love to go to a bookstore and then after it when the Author is near us to go see the Author and get the book signed. Yes Active Rain has cut into my reading, I still dedicate every   day ok at least three nights out of the week to read at night.

9:21pm • #6
181,153 Points 3 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

In my neighborhood an independent book store closed a year ago, too. Their customer service was not so good; I was sure at the time, that was the reason.

Once I mentioned that I would never buy an Amazon Kindle. I got it as a present and already purchased my second e-book.  

Some trends are changing in much bigger, faster way than we would imagine.

9:33pm • #7
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Haris I agree trends are changing at lightning speed. I am all for change Not when it comes to books. I have been in Europe in places like London, Paris....and saw the libraries that are homes to books that were written thousands of years ago, I would hate to see that go to the wayside. I am all for Google & Bing vs the Encyclopedia of Britannica

9:48pm • #8
644,881 Points 111 Featured Posts Outside Blog Called Shot Master
I hope the others survive as well Endre's. I grew up loving books and reading. It's something you never outgrow. I don't think we have Borders here. We have Books-A-Million and Barnes and Noble.
10:02pm • #9
315,307 Points 2 Featured Posts Attended Rain Camp Called Shot Master

I heard about that earlier.  It was speculated about last week.  They are 5 closing here in Metro Atlanta.

10:31pm • #10
202,942 Points 3 Featured Posts Outside Blog Called Shot Master

Endre - Ours in Thousand Oaks also is closing, unless it has already.

10:38pm • #11
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Charita-- Crown Books Store Chain closed a few years ago in our area....Borders Closed in Santa Monica a year or so ago, I just heard that the Century City Borders is closing as well. Luckily we still have Barnes & Noble.

11:06pm • #12
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Rodney-- it sounds to me they changed their business model and are going to try to compete with Amazon.

11:07pm • #13
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Ken -- how unfortunate, I wonder what is happening in El Segundo and Sherman Oaks?

11:08pm • #14
FEB
17
2011
179,617 Points 3 Featured Posts Localism Sponsor

Endre, it is so sad.  Nothing can replace the feel of opening a book and fanning it's pages.  So many great local book stores, large and small, have closed of the past few years.  I fear our grand children will never know the excitement of a new book!   An electronic device just doesn't cut it...

2:13am • #15
905,602 Points 93 Featured Posts Attended Rain Camp Called Shot Master

I think with e-books and digital music so readily available, this was inevitable. Look how Netflix toppled Blockbuster. I wouldn't be surprised if Barnes and Noble was next.

8:07am • #16
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Pam, I totally agree with you there is  a big difference from getting a digital reader vs your First Book.

3:57pm • #17
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Craig I hope you are wrong about Barnes and Noble.  BTW did you notice that there are Vending Machines called REDBOX that has created a market in convenience stores as well as grocery stores for the pleople who do not want to join Netflix?

3:59pm • #18
FEB
20
2011
257,100 Points 30 Featured Posts Attended Rain Camp Called Shot Master

Endre, This is such sad news. We are losing our Borders in nearby Rogers, AR.

E-readers are another reason for folks to be alone. Books should inspire conversation and friendship. I appreciate books. Good old fashioned hard bound books.

5:04pm • #19
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Charles, the more I talk to people the more I hear of Store Closings hence I suspect as I said earlier they must be going to the Internet Business Model. I agree with you there is no comparison with holding a book and turning the pages and putting it back on the shelf.....very sad

5:16pm • #20
FEB
21
2011
494,956 Points 8 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Endre, Borders and other bookstores are what help to keep some shopping malls alive.  Times keep changing with the advances in technology.  It will be very interesting to see where things are in 5 years.  I don not like to see such places leave us. 

Gloria

11:45am • #21
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Gloria I am with you, I am sad for the future young readers, I still remember and have my first book that I received as a gift....

6:24pm • #22
FEB
25
2011

My other half is a manager at Borders’ #1 store, right here in San Diego’s Mission Valley. Both he and I think that Borders lost their way when they started opening stores here and there with no direction. Music, paper, posters, knick knacks, trinkets…. Barnes & Noble will be right behind; they just suspended their dividend payments.

3:08am • #23
709,581 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Russel, I am sure he feels as bad as we all do. Did you mean Borders or B & N about the dividends?

3:13am • #24

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Endre Barath,Jr. Realtor Los Angeles Home Sales 310.486.1002

Beverly Hills, CA

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