Entries in end of an era (1)

Friday
Jul222011

The Era of Big Chain Bookstores is Passing

Today, Borders Group, the direct competitor of Barnes & Noble, is beginning liquidation of its 399 stores, and “everything must go,” folks. And that means $700 million of the company's inventory, which includes books, stationery, CDs, and DVD movies. Even the furnishings and equipment, right down to the shelving will also be sold off. Yikes!

According to one paper, “A liquidation company that is part of the process said late Thursday that the sales will be held starting Friday at all 259 Borders superstores, 114 Borders Express and Waldenbooks, and 26 Borders airport stores.”

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