VODKA VODKA returns in February. Limited early bird tickets are on sale right now!

Tuesday, July 19, 2011

Borders Could Shut Down by This Weekend (Updated)

Posted By on Tue, Jul 19, 2011 at 9:38 AM

Picture_1116.png

Update: Borders will begin liquidating as early as Friday, closing some 399 stores nationally that employed 11,000 people after a deal for the book store chain fell apart. (Detroit Free Press has a good read.)

***

It's hard to think of a less tenable business model than selling hard-copy books at a brick-and-mortar store (with CDs, too! Like Kenny Loggins' greatest hits!) these days. (Unless you count the alt-weekly business, naturally.) Meg Ryan taught us this in a movie we fell asleep while watching in bed. The one with Tom Hanks and the volleyball, we think.

Anyway, with Joseph Beth already six-feet under, news arrives that Borders, which has some locations around Northeast Ohio and employs about 11,000 nationally in 399 stores nationwide, might close for good by this weekend after a potential buyer fell through for the bankrupt book chain. (Via WSJ)

So if you're free one of the next few days, head over and buy a cup of coffee and read one more book for free in one of those comfy chairs. It's what Borders would want.

Tags: , , ,

Comments (3)

Showing 1-3 of 3

Add a comment

 
Subscribe to this thread:
Showing 1-3 of 3

Add a comment

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Calendar

© 2019 Cleveland Scene: 737 Bolivar Rd., Suite 4100, Cleveland, OH 44115, (216) 241-7550
Logos and trademarks on this site are property of their respective owners.


Website powered by Foundation