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Posted at 12:23 PM ET, 02/16/2011

Borders bankrupt: The local twittersphere reacts

By Elizabeth Flock
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The Borders Group will close 30 percent of its stores. (Henny Ray Abrams/AP)

After the Borders Group, a chain of 674 bookstores, filed for bankruptcy this morning, the local twittersphere lit up in shock, anger and with a few I-told-you-so's. Several stores will close in the Washington region.

Here's the reaction we're seeing out there:

Sad truth of urban Borders closings: rents are too high to support anything other than sandwich chains with huge margins.less than a minute ago via TweetDeck


Looks like the #SilverSpring Borders is safe for now (no doubt because of how great and vibrant Ellsworth Drive is): http://bit.ly/f1Julzless than a minute ago via web

I wonder if independent booksellers have a sense of smug satisfaction today. I think I would. #Bordersless than a minute ago via web

Borders Buggled: internet sells killed the bookstore stars. Borders files for Chapter 11,who didn't see this coming? http://bloom.bg/erIzd5less than a minute ago via web

DC seems to be losing both of its Borders. Color me unhappy.less than a minute ago via TweetDeck

Borders insists they will emerge better and stronger after Chapter 11:

We are open & our goal is to emerge from the Chapter 11 process as a vibrant destination for books & more for years >http://ow.ly/3Xregless than a minute ago via HootSuite

What are your thoughts?

By Elizabeth Flock  | February 16, 2011; 12:23 PM ET
Categories:  Your Take  | Tags:  your take  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: A 'more vanilla' D.C. sparks debate
Next: Surviving pre-school: D.C. area blogs

Comments

A time will come when brick and morter bookstores will no longer exist, and that time may be sooner than we think...I buy all my books online, my wife uses a wifi kindle..we might head to Borders to hear some music or drink coffee but Amazon justs kills with their low prices in every instance..B & N will be the next one in trouble..unless of course they have coffee and music

Posted by: javatunes | February 16, 2011 3:00 PM | Report abuse

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