News: Borders going-out-of-business sale

[Steve MacDowall]

By Chris Reidy -- July 21, 2011 -- http://www.boston.com

 

A Borders going-out-of-business sale is set to begin tomorrow at the bookstore chain’s 399 remaining locations, according to the joint venture managing the Borders liquidation.

Discounts of up to 40 percent will be offered on all merchandise at every location, said the joint venture, which added that more than $700-million worth of inventory will be put up for sale. The inventory includes books, puzzles, games, stationery, magazines, and music.

A Globe story from earlier this week noted that Borders has 15 remaining stores in Massachusetts.

The joint venture managing the Borders liquidation includes Gordon Brothers Group LLC of Boston.

According to media reports, Borders demise is a result of the chain overextending itself at a time when consumer reading habits were changing. Instead of buying books at a brick-and-mortar store such as a Borders, many consumers now buy books online, and others download digital prose for their e-readers.

 

[Richard Penney]

I shall miss them! They were a great place to stop for a coffee and read chapters to judge whether to buy. It was a 30 mile drive to the nearest of either Waldenbooks or Borders and the day was planned around the trip. They were the only decent retail bookstores within 70 miles. I don't know what I will do during the time which would otherwise be spent at Borders!
Respectfully
~Richard

[Steve MacDowall]

I got into a Borders the last time I was in Chicago - I loved it - picked up 2 books and I had a coffee also. I loved the store.

 

Respectfully,

Steve

[George Shepherd]

That's a shame. I didn't visit Borders very often but I did enjoy their coffee!

 

George

[Steve MacDowall]

George: what type of book stores do you have around you? Are there any small shops or do you have to travel to get to one?

 

Respectfully,

Steve