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A World Without Borders
It might seem only reasonable for independents to gloat, at least a little, now that one of their biggest competitors, Borders Book Group, which had 1,249 stores in 2003, has begun closing its remaining 399 stores. But the response from indies to Borders's demise has been muted by the potential impact on the overall health of the bookselling business and the readers it serves.
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Borders Sale Approved
In the end, Borders went the way of other large retailers like Circuit City and Linens ‘n Things. At Thursday’s hearing, Judge Martin Glenn said that he will enter the sales order for Borders’s liquidation and going-out-of-business sales starting Friday.
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What's Selling at Fundamentals Children's Books
Tami Furlong, owner of Fundamentals Children's Books in Delaware, Ohio, talks about what's moving well in her store this summer.
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Red Balloon Bookshop: New Owners, New Vision
More than a quarter-century after Michele Cromer-Poire and Carol Erdahl opened the Red Balloon Bookshop in St. Paul, Minn., they're handing it off to another pair of female entrepreneurs.
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Borders's Final Accounting, Pre-Liquidation
Borders is adding up the losses, and a few profits, for its last monthly operating report to be submitted before the liquidation of its bookstores begins.
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AAP Monthly Sales Report: Digital Climbs 147%
All major adult print segments--hardcover, paperback and mass market--showed a decline in sales in May, according to the AAP’s monthly sales report, with e-books showing a steep uptick of 146.9%.
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Bookselling Without Borders
As much as independent booksellers may have wished that Borders had gotten swallowed up back in the 1990s when it put so many stores out of business and was well on its way to becoming a 1,249-store behemoth, the response to its impending demise has, for the most part, been measured.
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Drabyak Honored
In honor of NAIBA president and friend, the late Joe Drabyak, NAIBA has created the Joe Drabyak Handseller of the Year Award to recognize booksellers who put their passion for books into practice with marketing and promotions.
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Jockeying for Tomorrow’s Borders Hearing
Prior to tomorrow’s hearing at which Judge Martin Glenn will rule on Borders’s impending liquidation set to start on Friday, the chain is trying to lay to rest the nearly 90 objections that have been filed, including ones from Kobo.
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Thank You, Borders
The strong show of support and appreciation continues for Borders, including this letter from Sourcebooks.
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Borders Closer to Folding
With Sunday’s deadline passed and no bids to keep Borders open as a going concern, according to reports in the Wall Street Journal, it is growing increasingly likely that the troubled retailer will begin going out of business sales as early as Friday.
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Borders Auction Canceled, Going-Out-of-Business Sales to Start Friday
Borders confirmed that it will submit the proposal from a consortium of liquidators led by Hilco and Gordon Brothers to bankruptcy court on Thursday. If approved, as expected, going-out-of-business sales will begin under a phased roll out at stores and facilities starting Friday.
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Brooklyn's Greenlight Bookstore to Expand
After less than two years in business, Greenlight Bookstore in Fort Greene, Brooklyn, is expanding by moving its buying, shipping and receiving, and bookkeeping offices next door.
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Painting a Different Picture
Once insulated from retail trends, in recent years art museum bookstores have been affected by the same ups and downs as other bricks-and-mortar stores—a softening of the overall retail market and competition from online discounters—and been forced to change accordingly. It's not just that silk-screened scarves with Monet reproductions or glass sculptures by Dale Chihuly now have pride of place
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A List of Remaining Borders Stores
With the fate of Borders Group to be decided early next week, below is a list, by store number of the current outlets, starting with the first store in Ann Arbor.
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Borders Modifies Proposal to Put Liquidators in Driver's Seat
The outlook for Borders underwent a dramatic reversal late yesterday as the chain, responding to objections filed by both landlords and publishers, modified its bidding proposal to remove the offer made by Najafi Companies' BB Brands as the stalking horse bidder and replaced it with the bid by the liquidators.
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Judge Approves New Borders Procedures with Liquidators in the Lead
Despite BB Brands dropping out as the stalking horse bidder for Borders as a going concern and a consortium of liquidators led by Hilco assuming that role, the show, or in this case the sale, must go on.
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Bookstore Sales Up in May
Bookstore sales rose 1.5% in May, to $1.05 billion, according to preliminary estimates released Thursday morning by the U.S. Census Bureau.
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ABA Responds to Amazon's E-Fairness Referendum
"California has made clear that it's not the role of government to pick favorites among retail businesses. The time has come for Amazon.com to collect and remit the required sales tax -- just like every other California retailer," said ABA CEO Oren Teicher.
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