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Borders Files for Chapter 11 Bankruptcy and Will Close 200 Stores (+ Poll)

submitted on February 16, 2011 by HouTex in "Stores / Merchants"
Well, we're not surprised at this announcement, we've been expecting it for some time. See also and

As part of the Chapter 11 process, Borders will close 30% of its 642 stores, or about 200 that it identifies as underperforming. The bookseller operated twice that many at its peak in 2003.

An S&P Equity Research analyst calls Borders’ bankruptcy a “huge boon” for Barnes & Noble. The rival bookseller stands to benefit from the filing, both in sales and buying power with vendors.

chart from http://departmentstoreretailin.....r-for.html
1. How do you prefer to buy books?
2. Where do you buy books? (Choose all that apply)
 Barnes & Noble
 Half-Price Books
3. Why do you buy books?
 For yourself
 As a gift
4. When do you buy books? (Choose all that apply)
 When new releases come out
 When I need a gift
 Only when there are sales or coupons available
 or See Results 


  • 104297
    Posted by YanBz on February 16, 2011 [reply] 0 0
    I buy books at and only if there is a book I need to have on the shelf as a reference (or want to read it more than once). I can pretty much get anything else I need in the library
  • 104371
    Posted by HouTex on February 16, 2011 [reply] 0 0
    The CEO of Borders sent an email to Borders Rewards members today, to tell them that:
    Borders stores are open for business
    Rewards programs remain in effect is operating as usual
    Borders will maintain its strong national presence
    They expect to build their core strengths over the next several months

    A list of the store closures can be found at http://www.bordersreorganizati.....e_List.pdf

    (They're not closing any in Houston! Artistic )
  • 104425
    1 4
    8 7 2
    Posted by mommy25 on February 17, 2011 [reply] 0 0
    I prefer to take my son to borders (which is 3 mins away) to purchase his books. We have fun, playing with the toys, reading the books, then go to the cafe for a treat. I hope mine doesn't close.
  • 108068
    2 4 6
    10 8 2
    Posted by pablos17 on March 21, 2011
    [reply] 1 0
    It has just been announced that they plan on closing another 27 stores:

    Bakersfield, CA
    Goleta, CA
    Hollywood, CA
    Milpitas, CA - McCarthy Ranch Marketplace
    Pleasant Hill, CA - Pleasant Hill Shopping Center
    San Diego, CA -The Courtyard-Carmel Mountain
    San Rafael, CA
    Fairfield, CT - Fairfield Center
    Stamford, CT - Grand Central Fashion Plaza
    Atlanta, GA - Buckhead Triangle
    Kahului (Maui) HI -Maui Marketplace
    Waipahu, HI - Waikele Center
    Wilmette, IL - Edens Plaza
    West Des Moines, IA - Water Tower Place
    Fort Wayne, IN
    Indianapolis, IN - The Shops at River Crossing
    Overland Park, KS - Regency Park Shopping Center
    Louisville, KY - Shelbyville Road Plaza
    Braintree, MA - Marketplace at Braintree
    Shrewsbury, MA
    Tulsa, OK
    N. Wales, PA - Airport Plaza
    Philadelphia, PA
    Nashville, TN - West End Avenue
    Stafford, TX -The Fountains on the Lake
    Federal Way, WA - The Commons at Federal Way
    Tacoma, WA - South 38th Street
  • 108262
    23 14 8
    12 10 2
    Posted by CouponNut on March 22, 2011 [reply] 0 0
    Hope Borders keeps their on-line buying & ebooks.

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