Borders has filed for bankruptcy protection.
The linked article mentioned that borders didn’t even have an e-commerce site until 2008, almost ten years after Amazon started theirs. (For five or six years prior to Borders.com, Borders actually had Amazon do the e-commerce for them. Talk about a bone-headed management move.) With visionary management like that, it’s no wonder they ended up with over a billion bucks of debt.
I’m waiting for an official list of store closures to see if we’re going to lose the West Lebanon location, which is the only big bookstore in a sixty-mile radius. On a plus side, I’ve been checking out more of the local independent booksellers in the area.
Update: Here’s the official list of closings. Looks like West Leb has ducked the hatchet, but the Borders down in Nashua is going.