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

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Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5sD

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.

 

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations

 

 

 

 

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Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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.....

Feb 16, 2011 01:18 PM #5
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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.

Feb 16, 2011 01:21 PM #6
Rainmaker
230,070
Haris Dedic
RE/MAX Villager 847-878-2588 - Glenview, IL
Glenview Real Estate - Chicago North Shore

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.

Feb 16, 2011 01:33 PM #7
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Feb 16, 2011 01:48 PM #8
Ambassador
758,687
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)
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.
Feb 16, 2011 02:02 PM #9
Rainmaker
405,001
Rodney Mason
Angel Oak Home Loans - Atlanta, GA
AL, FL, GA, SC, & TN

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

Feb 16, 2011 02:31 PM #10
Rainmaker
232,679
Ken Barker RealtorĀ® GRI, E-Pro Certified
Dilbeck Real Estate - Burbank, CA

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

Feb 16, 2011 02:38 PM #11
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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.

Feb 16, 2011 03:06 PM #12
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Feb 16, 2011 03:07 PM #13
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Feb 16, 2011 03:08 PM #14
Rainmaker
254,360
Pam Jank
Coldwell Banker Schneidmiller Realty - Coeur d'Alene, ID
Your Coeur d'Alene & North Idaho Real Estate Pro

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...

Feb 16, 2011 06:13 PM #15
Ambassador
1,153,846
Craig Rutman
Helping people in transition - Cary, NC
Raleigh, Cary, Apex area Realtor

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.

Feb 17, 2011 12:07 AM #16
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Feb 17, 2011 07:57 AM #17
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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?

Feb 17, 2011 07:59 AM #18
Rainer
258,100
Charles Edwards Bentonville
Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR
AR REALTOR, Bentonville Real Estate Agent and Broker

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.

Feb 20, 2011 09:04 AM #19
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Feb 20, 2011 09:16 AM #20
Rainmaker
997,758
Gloria Todor
Century 21 Absolute Realty - Springfield, PA
& Doug Durren (484) 431-3686 in SE PA

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

Feb 21, 2011 03:45 AM #21
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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....

Feb 21, 2011 10:24 AM #22
Rainer
478,183
Not a real person
San Diego, CA

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.

Feb 24, 2011 07:08 PM #23
Rainmaker
3,172,559
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Feb 24, 2011 07:13 PM #24
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