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In Case you have not heard Borders is Reorganizing via Chapter 11!

Posted on Feb 17, 2011 by in Active Rain | 0 comments

In Case you have not heard Borders is Reorganizing via Chapter 11!

In Case you have not heard Borders is Reorganizing via Chapter 11. I just received an email from Mike Edwards, President and CEO of Borders Inc. (www.borders.com) He blames or should I say references the ongoing impact of the difficult US economy in conjunction with the rapidly changing book selling environment.

As some of you know I am an avid book reader as well as book collector. Two weeks ago one of my all time favorite independent bookstores closed their doors forever (The Mystery Book Store in Westwood outside UCLA) I did not blog about it I was just too sad about the turn of events.

Borders on the other hand have been struggling for the past two years and it was just a matter of time when this was going to happen. I have been watching them closing one store after another. The Santa Monica Borders on the Third Street Promenade was one of my favorite stores.

Now I get this email and I am even sadder than before. If you would like more information, please visit  

http://www.bordersreorganization.com or contact them at ccare@borders.com

Sadly I think that the electronic reading devices have had a lot to do with this. As far as I am concerned and I hope the other book sellers manage to survive and prosper.

 

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