Borders bankrupt: The local twittersphere reacts
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.
Kevin Reiss
kevin_reiss
Looks like the #SilverSpring Borders is safe for now (no doubt because of how great and vibrant Ellsworth Drive is): http://bit.ly/f1Julz
Heather Mizeur
heathermizeur
I wonder if independent booksellers have a sense of smug satisfaction today. I think I would. #Borders
julierizzo
julierizzo
Borders Buggled: internet sells killed the bookstore stars. Borders files for Chapter 11,who didn't see this coming? http://bloom.bg/erIzd5
Bryan Simpson
BrySimpson
DC seems to be losing both of its Borders. Color me unhappy.
Lisa N. Morton
lnmorton
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
Borders
Borders
What are your thoughts?
By
Elizabeth Flock
| February 16, 2011; 12:23 PM ET
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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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