10,700 Booksellers, 399 Stores…What Else Do We Lose With Borders' Closing?

August 2011
Book Publishing Report;Aug2011, Vol. 36 Issue 8, p12
Trade Publication
The article reports that Borders Group Inc. chain bookstores has filed for bankruptcy in February 2011. It says that the company is waiting approval from the courts to allow Hilco Co. and Gordon Bros. Group LLC to purchase their assets for liquidation. It says that the loss of Borders means a loss of 10,700 bookseller jobs, 399 bookstores, and possible book buyers.


Related Articles

  • Liquidators run Boscov's closing sales.  // Furniture/Today;8/25/2008, Vol. 32 Issue 50, p8 

    The article reports on the closing of 10 stores of Boscov's Department Store LLC to be run by liquidators Gordon Bros. Group and Hilco Merchant Resources in the U.S. as part of the chain's restructuring plan under Chapter 11 bankruptcy protection. The approved liquidation was set to begin August...

  • Selling After Borders. Rosen, Judith // Publishers Weekly;7/25/2011, Vol. 258 Issue 30, p4 

    The article deals with the impact of Borders' bankruptcy on U.S. book sales. Judging from the declining finances of Borders, majority of publishers started transitioning sales to other outlets before the company filed for bankruptcy. According to Dominique Raccah, publisher and chief executive...

  • Regional Chain Dilemma. Milliot, Jim; Mutter, John // Publishers Weekly;8/3/1998, Vol. 245 Issue 31, p49 

    Analyzes the reported bankruptcies and downsizings of regional chain bookstores, calling into question their viability in the bookselling industry. Rapid growth of Barnes & Noble Inc. and Borders Books & Music; Regional chains facing problems in systems operations, inventory control, and...

  • Borders to Liquidate, Bookseller Files Plan. Sheahan, Matthew // High Yield Report;7/25/2011, p1 

    The article reports on the plan of retail bookselling chain Borders to liquidate due to its failure to attract a bidder. It sees closures of the chain's 400 stores and loss of more than 10,000 jobs. The liquidation will enable Borders to receive between 252 to 284.4 million U.S. dollars. It will...

  • Chain sales rise 14%, to $5.7 Bn. Milliot, Jim // Publishers Weekly;3/23/1998, Vol. 245 Issue 12, p17 

    Details the Census Bureau's report on the trend in rising revenues for major bookstore chains. Increased quarterly sales for Barnes & Noble, Borders Group and Books-A-Million. Statistics on revenues for 1997 and 1998; Barnes & Noble's plans for store expansion and funding of poorly performing...

  • Filling the Void. Rosen, Judith // Publishers Weekly;2/16/2015, Vol. 262 Issue 7, p1 

    The article discusses the effect of the 2011 collapse of the bookstore chain Borders on bookselling industry in the U.S., focusing on the expansion of independent booksellers in 2015. Topics include the immediate impact for electronic retailer Amazon.com; the demand for small, local bookstores...

  • Borders drops its earnings expectations, shares fall.  // Crain's Detroit Business;01/11/99, Vol. 15 Issue 2, p2 

    Reports that Ann Arbor, Michigan-based bookseller Borders Group Inc.'s shares dropped after it announced that its fiscal-1998 earnings won't meet expectations. Decline of sales blamed on severe storms in the Midwest; Earnings for the year ending January 24, 1999.

  • Live at Leeds: Borders to open first superstore in U.K.  // Publishers Weekly;11/17/1997, Vol. 244 Issue 47, p23 

    Reports that Borders will open its first British superstore in Leeds, England. How archrival Barnes & Nobles is also looking at bookselling opportunities in Great Britain.

  • Borders focuses on stores to drive results in fiscal '00. Milliot, Jim // Publishers Weekly;4/19/1999, Vol. 246 Issue 16, p16 

    Reports on bookseller Borders Group Inc.'s strategies for growing its sales and earnings in 1999. Expansion of the firm's core domestic retail business; Addition of stores to the international operation; Plan to open 50 superstores in the United States; Internet strategies; Stock price. INSET:...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics