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Arts and Culture

Borders Will Liquidate Remaining 399 Stores

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Posted on Jul 18, 2011
Ruthanne Reid (CC-BY)

How did Borders go from being the nation’s second-biggest brick-and-mortar book chain to a bitter memory? Apparently the book, music and coffee peddler, which we can only assume bankrupted plenty of mom-and-pop stores in its day, charged ahead blindly when customers went looking for better deals online. And now 11,000 people are out of a job.

It’s hard to shed a tear for a chain store, even one that tried to position itself as a funkier alternative to Barnes & Noble. This blogger’s enduring memory of Borders is a scene of union-busting captured in a Michael Moore documentary. That and unbelievably overpriced DVDs. —PZS

Atlanta Journal-Constitution:

Earlier this year, the 40-year-old company owed tens of millions of dollars to publishers, including $41.1 million to Penguin Putnam, $36.9 million to Hachette Book Group, $33.8 million to Simon & Schuster and $33.5 million to Random House.

Borders also suffered from a series of errors: failing to catch onto the growing importance of the Web and electronic books, not reacting quickly enough to declining music and DVD sales, and hiring four CEOs in five years without book-selling experience.

Even as the book industry shifted around it, Borders seemed to be in denial and focused on adding superstores, said Michael Norris, senior trade analyst at Simba Information.

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By Dukeodorr, July 21, 2011 at 6:39 pm Link to this comment
(Unregistered commenter)

Many interesting comments here. Of course, after almost 2 decades with Borders, I can speak to some of these issues.

  First, the Big Box stores are a fact of life. There are still a few mom & pop stores, but they usually are niche type stores. Where there used to be 7 hardware stores around town, now you got 1 Lowes or Home Depot. Probably the same number of jobs either way. The chain stores offer much better selection, price,and volume. Welcome to the new millenium.

  Second, the selection on the shelves was never politically motivated. We heard the same goff when the Republicans were in power. “Too many liberal books!” Pure crap. We don’t have the book you want,WE ORDER IT FOR YOU!

  Last, E-Readers, Amazon(this one killed our Corporate Sales Dept.)the current continuing recession (books are still a disposable income luxury) and upper level management hubris combined to stall sales, and pile on additional debt.

  They eliminated positions, cut benefits(no raises for the last 3 years),cut hours, then asked us to pick up the slack of lost workers, (I and my fellow employees were asked to clean toilets when they eliminated the cleaning crew in a cost saving measure!)We were also told to push book donations and paid memberships in a final bid to save the company.

  Sure boss, anything you say.

  So, yeah, I’m out of a job in a matter of weeks. But let me tell you something. We got customers who love us…still. They express real sadness and regret we are closing. We will be missed by more than a few. And for what it’s worth, I get to take that with me when they lock the doors for the last time.

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By Will, July 21, 2011 at 6:51 am Link to this comment
(Unregistered commenter)

So now justice is done?  My very liberal bookstore (one of the few media’s left with Progressive content; the radio had been taken over by rightists by then and TV had been neutralized) closed in 2001 after 2 Borders and 4 Barnes and Nobles invaded my city.

I knew the jig was up for all indies, but I also knew that these big boxes would have their day, only to fall to Steve Bezos’s Amazon.

The writing was on the walls. Good days were not ahead.

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By Tim, July 20, 2011 at 2:35 pm Link to this comment
(Unregistered commenter)

Well, when I was a naieve youngster I would mainly read my mom’s Time and People (scanned mostly) mags. Fastforward to now and when I pick up a People, it is worse, significantly more on the “crap” side. Of course, this was a time when the only reality shows in existence were Survivor and Big Brother. Just saying that it is sad that we’ve increasingly embraced stimulation of this kind, rather than the harder road to brain nurishment, which includes reading actual books.

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By CenterOfMass, July 20, 2011 at 12:48 pm Link to this comment

@Tim: “...and People magazine wasn’t as pointless.”

I have not looked at a copy of People magazine in a long time (except for the cover, as I wait in the checkout line at the store).  You are saying it is now even MORE pointless?  I’m honestly amazed.

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John R.'s avatar

By John R., July 19, 2011 at 9:49 pm Link to this comment

In my circle of activists we rotate from site to site like many do - Truthdig,
Democracynow, TheNation, Counterpunch, Wikileaks - and we share books .pdf’s
of all types. But I do prefer printed. But the pdf’s are so convenient.

If we do head in hyperinflation and the power is cut, then the hardcopies will have
to do. But I would certainly miss the transportation speed of pdf’s. 

I like bookstores, indies, and chains.

These are very rough times. I fear they are going to get much much worse though.

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By Tim, July 19, 2011 at 9:02 pm Link to this comment
(Unregistered commenter)

Their demise might have been aided by eReaders and online sellers, but I’m made aware by those around me that so few people read anything of substance anymore. I’m 29, and I never thought I’d see my friends reading all this BS about actors, actresse…socielites. I know it must not just be a normal part of adulthood to grow more intensely engrossed in other people’s lives, because nobody bought Us Weekly nine years ago, and People magazine wasn’t as pointless. I take this as evidence to the degradation of our culture.

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By James, July 19, 2011 at 5:55 pm Link to this comment
(Unregistered commenter)

The Kindle type readers are electronic. They need a power source to be able to use them. So, what happens when you are out reading a good book and it suddenly dies on you, or it breaks? I would much rather have a copy of a book that only requires the energy of me turning the pages, and I can depend on it. Also, I work in a field that requires the use of field guides to key out plant and animal specimens. I haven’t found too many field guides that are Kindle accessible.

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By mr.ed, July 19, 2011 at 4:21 pm Link to this comment
(Unregistered commenter)

Apparently, judging from how much trouble BN is also in,retail B&M book stores are an obsolete business model. Time marches on. Sorry for the creditors.

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By James, July 19, 2011 at 1:30 pm Link to this comment
(Unregistered commenter)

Yeay, another BIG BOX store has met its demise. I hope other BIG BOX stores follow behind like Loews Walmart, Home Depot, Etc. Bring back local mom and pop businesses that these BIG BOX stores destroyed.

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By Doctor Cocktail, July 19, 2011 at 1:29 pm Link to this comment
(Unregistered commenter)

I will miss Borders.  It was a weekly
visit for me.  I feel sorry for the people
that work there and the people that
shop there.

As usual, the CEOs that left usually dug
the hole deeper and departed with
parachutes of $2+M.  That’s America’s
business card.

One of them even went to A&P, the
grocery chain.  What are the chances?

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Robespierre115's avatar

By Robespierre115, July 19, 2011 at 1:19 pm Link to this comment

I won’t miss Borders, but humanity is going down a dark alley if it gets rid of physical books and only depends on digital data. A collaborator of mine in Santa Monica recently lost his Kindle, goodbye over 50 titles! I sleep soundly knowing I have my copy of “The Great French Revolution” by Peter Kropotkin both in my Kindle for when I travel, and on my bookshelf for reference or pleasure reading at home or at work.

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By James Morehouse, July 19, 2011 at 11:30 am Link to this comment
(Unregistered commenter)

I stopped buying at Borders long ago, when I realized
the overwhelming preponderance of right wing books in
their political section.  One could find everything
written by Glen Beck, Sarah Palin, whatever his name
Savage is; but try to find a book even remotely
progressive, much less leftist?  None to be found.  I
won’t miss them.

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By Inherit The Wind, July 19, 2011 at 9:03 am Link to this comment

Bookstore chains killed bookstores.

Amazon and Kindle killed the bookstore chains.  Will there be any left but Barnes and Nobel?

Borders—-going
Walden Books—Gone
Brentanos—gone
Indie book stores—gone.
Used book shops—-barely hanging on.

It’s the WalMart-inization of the world.

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By sharonsj, July 19, 2011 at 8:21 am Link to this comment

As someone who worked in publishing most of my life, I am sad to see another bookstore chain die.  Technology is contributing to the massive unemployment in this country, and our government is oblivious to yet another nail in our coffin.

America is a third-world country that, at the same time, aspires to empire-hood.  The two are mutually exclusive so my advice is to prepare for an even worse economy.

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By Frosty46, July 19, 2011 at 3:33 am Link to this comment

Prompted by politics perhaps- the timing at least.  Cons are
actively working to destroy the economy under orders from the
RNC but this could just be part of the timing factor.  You know
the Cons are able to close up shop, file bankruptcy and walk
away richer to later reform under a new guise.  This is the
American Way—to avoid pensions and such!

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