Borders filed for bankruptcy

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Borders filed for bankruptcy

Postby tankee » Fri Feb 18, 2011 12:38 pm

just learned that Borders has filed for bankruptcy and will be closing 200 stores.

I will miss the experience of shopping for books in a mega bookstore.

:(

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Re: Borders filed for bankruptcy

Postby verykiasu2010 » Fri Feb 18, 2011 12:40 pm

tankee wrote:just learned that Borders has filed for bankruptcy and will be closing 200 stores.

I will miss the experience of shopping for books in a mega bookstore.

:(


they said closing 1/3 stores

hope Singapore is not affected
verykiasu2010
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Postby ChiefKiasu » Fri Feb 18, 2011 1:53 pm

I wonder if this is the net effect of dis-intermediation where publishers sell direct to customers online? Or e-books, for the matter.

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Postby tisha » Fri Feb 18, 2011 3:30 pm

The singapore branch is not closing I think.
Read this
http://www.todayonline.com/Singapore/ED ... ders-Spore

Is there a latest update which cotradicts the above? :?

tisha
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Postby Jennifer » Fri Feb 18, 2011 5:31 pm

We were at Wheelock Borders last Sun. The store now sells toys n stationery. I think it is really hard to be selling only books given S'pore has a good community libraries network and sizes of apts are shrinking.

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Postby vlim » Fri Feb 18, 2011 5:39 pm

huh..just renew the membership subsciption lah... :|

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Postby seashells » Fri Feb 18, 2011 5:55 pm

I guess the bookstore business is a sunset business, what with amazon and all. Maybe in the future only Popular will be around because of the assessment book business.

The way business models are changing is quite scary. Must really adapt or die with the internet age.

But I really like Borders and would go there often with my kids. Hopefully singapores borders can be around for a longer time.

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Postby janet88 » Fri Feb 18, 2011 6:23 pm

With e-book around, books business is hard to sustain.
How many people really books ? I've gone to Borders several times but most of the time came out empty-handed.

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Postby hquek » Fri Feb 18, 2011 7:36 pm

Borders SG was the top revenue generator - reported in news a couple of years ago.

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Postby Gecko » Fri Feb 18, 2011 9:17 pm

I am there every Saturday between about 9.30 am to 1010 am while waiting for my kids to finish Berries.

Bought so many books last year that I really have nothing else to buy :D

I believe SGP stores are seperate?

Would really be bored if they closed down :pray:

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