Booksellers large and small were sent a warning shot last week when a committee of Borders unsecured creditors rejected a proposed takeover of the financially troubled company. That means Borders faces liquidation and the closing of its nearly 400 stores. It also means the likely termination of more than 10,000 employees.
Although there is no Borders in Columbia — and, therefore, no super-discounted books this month — the company’s demise should serve as a cautionary tale for all brick-and-mortar bookstores. Amazon.com, e-readers and other digital books stakeholders are continually changing the books landscape. Get on the bandwagon, or get out of the market!
The good news is that good things can still come to other booksellers in the wake of Borders’ exit from the market. Here’s one writer’s take on the opportunities that abound: Story.
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