First rule of Horrorthon is: watch horror movies. Second rule of Horrorthon is: write about it. Warn us. Tempt us. The one who watches the most movies in 31 days wins. There is no prize.
Monday, July 18, 2011
A moment of silence for Borders: The book retail giant is no more
From ew, Ask not for whom the bell tolls, it tolls for Borders. Hemingway is just one of many authors whose books you’ll no longer find lining the shelves of the popular — but not popular enough — book chain, after a financial white knight failed to materialize to save the company from insolvency. Borders Group, after months of trying to find a solution to its bankruptcy problems, has decided to liquidate, starting as early as this Friday. The company’s nearly 400 stores will be closed and its 10,700 employees laid off — a major blow, both literal and moral, to the continued existence of physical bookstores in an era of increasing e-book readership.
The company released a statement announcing their intention to liquidate after 40 years of business. “Following the best efforts of all parties, we are saddened by this development,” Borders President Mike Edwards said in the statement. “We were all working hard towards a different outcome, but the headwinds we have been facing for quite some time including the rapidly changing book industry, eReader revolution and turbulent economy have brought us to where we are now.”
Subscribe to:
Post Comments (Atom)
Malevolent
2018 ***1/2 It's 1986 for some reason, and a team of paranormal investigators are making a big name for themselves all over Scotland. ...
-
I’m sure none of you except for JPX knows that I’m a bit of a germ-a-phobic. It’s annoying, but manageable. Though, since I met JPX and list...
1 comment:
Well there's always Barnes & Nobles. I could never tell the difference.
Post a Comment