Borders bankrupt: The local twittersphere reacts
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.
I wonder if independent booksellers have a sense of smug satisfaction today. I think I would. #Borders
Borders Buggled: internet sells killed the bookstore stars. Borders files for Chapter 11,who didn't see this coming? http://bloom.bg/erIzd5
DC seems to be losing both of its Borders. Color me unhappy.
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/3Xreg
What are your thoughts?
Posted by: javatunes | February 16, 2011 3:00 PM | Report abuse