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Subject: [US] Borders liquidation -- May start as early as 7/22 rss

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Tim Tucker
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Sad to see, but it looks like Borders couldn't find a buyer and is going to close all stores:
http://www.annarbor.com/business-review/borders-liquidation-...

From the article:
Quote:
The Ann Arbor-based chain’s 399 remaining stores will be closed quickly, with liquidation sales starting as soon as Friday — although the company said in a court filing late today that 30 leases could still be sold off.

Borders will be sold to a team of liquidators led by Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC. The liquidators are expected to launch going-out-of-business sales as soon as Friday with the "wind-down" complete by September, a spokeswoman said.


Likely some deals to be had along the way.
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Anderson Imes
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These always start out with prices going up. Beware. Bring your internet-connected phone and be sure and search Amazon / Coolstuffinc for a title before you purchase.
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Frank M.
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LordHellfury wrote:
andersonimes wrote:
These always start out with prices going up. Beware.

Especially with Borders who have pretty inflated prices to begin with. (I am looking at you CDs and DVDs among a few other books) It's no small wonder that they are closing when they refuse to be competitive.


There's a LOT of overhead running a (literal) brick & mortar store. It's surprising they've held on as long as they have. The economy, the decreasing number of readers, and the fact that E-readers have finally caught on are the death knell for book retailers.

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Steve S
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E-readers have caught on? Don't think I've met anybody who owns one yet...
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Scott Hill
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On University campuses they are popular these days.
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Dave Coscio
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Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...

I've got one and I love it. I likely won't ever buy a book (to read) again and I've always been very much into collecting them but the ereaders are just way too convenient.
As far as games go ar Borders, in the first wave of store closings the games were hardly discounted for a long time and I never saw much that seemed like a great deal since eveything is based on MSRP. Still, I'm sure there will be some deals to be had.
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Clyde W
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Love my Kindle, know many others who do too.
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Michael Denman
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Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...


Yeah, I wonder about this too. Sure, there are many who like them, but I don't see actual books going out of style any time soon.
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Dave Coscio
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Trump wrote:
Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...


Yeah, I wonder about this too. Sure, there are many who like them, but I don't see actual books going out of style any time soon.


I'm not so sure. Sure, there will always be books around but as far as them going out of style, I think Borders closing up is the first real evidence of it.
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davex wrote:
Trump wrote:
Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...


Yeah, I wonder about this too. Sure, there are many who like them, but I don't see actual books going out of style any time soon.


I'm not so sure. Sure, there will always be books around but as far as them going out of style, I think Borders closing up is the first real evidence of it.


Books are no better than newspapers. Wasteful and bulky. I like the feel of a book in my hands but that will soon be the domain of only a few geeks, not the general public.
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Scott Anderson
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Count me among those who will very rarely (if ever) purchase an actual book (to read) in the future. The Kindle is just way too convenient for reading. I've even purchased a few eBooks that I already have in hardcopy just because I'd much rather read it on the Kindle than have to actually use two hands to read!!
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Max Maloney
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Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...

I see them daily.
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John Drake
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Trump wrote:

Yeah, I wonder about this too. Sure, there are many who like them, but I don't see actual books going out of style any time soon.


I doubt printed books will ever go out of style... especially reference books as they are more suitable for learning. But the kindle is one of the greatest inventions ever for people who read a lot. Really won't surprise me electronic books dominate the market in a few decades.

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Stephen Smith
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BaBang wrote:
Trump wrote:
Yeah, I wonder about this too. Sure, there are many who like them, but I don't see actual books going out of style any time soon.

I doubt printed books will ever go out of style... especially reference books as they are more suitable for learning.

This to me is one of the greatest arguments for an e-reader (since I am expected to own my own references). You can have access to a reference work without having to lug the giant thing around or go to a reference library (or home or your office). Talk about making life easier for the studious.
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Matt Shinners
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skotkolr wrote:
On University campuses they are popular these days.


It's hard to hop on a subway nowadays without seeing at least 10 e-readers/car, and that's not counting those who use their phone for that purpose (myself included). They're definitely in the mainstream by now. I'll always enjoy a good ol' fashioned paper back, but you can't beat the convenience.
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Patrick C.
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Quote:
Well sure, but that's no reason to sell products above MSRP. That's not going to draw customers. It will do the exact opposite and it did.


Odd. With their coupons I found them to be frequently below retail prices. With their coupons they certain beat B&N's prices! This was especially true on board games (when the coupons worked for them) and DVDs.
 
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Paul DeStefano
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Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...


Get on a commuter train in NY and you'll find 80% of the riders with one.
 
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James Ridgway
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Geosphere wrote:
Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...


Get on a commuter train in NY and you'll find 80% of the riders with one.


Close to the same for the DC Metro.
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Hoyle A
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Trump wrote:
Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...


Yeah, I wonder about this too. Sure, there are many who like them, but I don't see actual books going out of style any time soon.


you might disagree when you try one.
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Steve S
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Geosphere wrote:
Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...


Get on a commuter train in NY and you'll find 80% of the riders with one.


Ah, so for the 3 or 4 cities in the US where public transport is popular they have caught on - for the rest of us maybe not so much
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Back to the original post:

I know someone who picked up Ingenious for $10 without a coupon at Border's a few weeks before it closed. Very good deal. On the other hand, I was at another Borders that was closing and having the "blowout" sale and the only board games they had were related to the Twilight series. One of the employees said they had sold the bulk of the games to liquidators that would resell them online or at their stores.

Continuing on with the ebook tangent:

I read somewhere that ebooks started outselling hardbacks about a year ago and have recently started outselling paperbacks. There's a lot of number manipulation in some of these reports as they may not include sales from huge retailers such as Wal-Mart, Costco, and such, but the point is ebooks are taking ground and not looking back. You can Google ebook versus hardback and paperback sales and find a few articles discussing the topic.
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Steve S
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Kevin in Kansas wrote:
I read somewhere that ebooks started outselling hardbacks about a year ago and have recently started outselling paperbacks. There's a lot of number manipulation in some of these reports as they may not include sales from huge retailers such as Wal-Mart, Costco, and such, but the point is ebooks are taking ground and not looking back. You can Google ebook versus hardback and paperback sales and find a few articles discussing the topic.


Yeah, as I recall those numbers don't include big-box stores.
And although I know there's no real way to track it, it also doesn't take the used book market into account. If I have a choice between going to borders and paying $8 for a paperback or picking it up used for $0.50 (or free through a book trading club), I'm going the used route, as do a ton of other people.
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Sean Tompkins
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Shadoglare wrote:
Geosphere wrote:
Shadoglare wrote:
E-readers have caught on? Don't think I've met anybody who owns one yet...


Get on a commuter train in NY and you'll find 80% of the riders with one.


Ah, so for the 3 or 4 cities in the US where public transport is popular they have caught on - for the rest of us maybe not so much


This is the common gift choice for people I know lately - my mom and my mother in law have one now, as do several close friends. Amazon recently reported selling more e-books than paper books in a quarter... and I'm not in a major city.
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myles
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To get back on topic, anyone know how this will affect standing preorders? Will they fulfill them, or simply default on the orders?

I have a game pending preorder. I think it's already been charged, but I'll double check.
 
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Juan Medina
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Kind of sad to see them go. I do read mostly online (I don't have an eReader yet), but I do appreciate the feel of a real paper book. Old habits die hard.

I did buy several games at their stores and online, Dungeons & Dragons: Conquest of Nerath Board Game being the last one I ordered through them. With the discount card and their constant coupons the prices were competitive with those of other online game stores.
 
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