It’s official, eReaders have claimed their first big name casualty of war. The Borders chain will go before the bankruptcy court tomorrow to submit a proposal that will see them bought out by the Hilco and Gordon Brothers liquidation company. “Following the best efforts of all parties, we are saddened by this development,” said Borders Group President Mike Edwards. “We were all...
Herd member Emily Price has a great post this week on e-books taking over the traditional paper book market. As an author, I absolutely love physical books, but I also read e-books when I’m on the road and have happily published a couple digital books myself. Both are cool. Both are necessary. I have another question, though: Where did all the damn stores go? And I don’t mean just...
The Borders book store chain has filed for Chapter 11 bankruptcy protection, and will close a third of its stores in the coming weeks. We reported late last week that Borders was looking into filing for Chapter 11 bankruptcy protection. The theory at the time was that the company would file early this week so that it could gain protection from publishers and other creditors, and would...
While the general public still waffles on the future of e-readers, it seems that manufacturers and book sellers are still convinced the market is going to take off in a huge way at some point and keep pumping money into it. New ebook stores, cut prices, e-reader model updates, July has been a busy month thus far in the e-reader wars. Lets take a look by company at what’s been...
It seems that any company related to books is now required by default to also have a company branded e-reader, no matter what their financial status may be. You can now add the Borders chain of book stores to that list. Borders has had a rough couple of years financially, culminating in the 2009 holiday season being down 14.7 percent from the year previous, and 182 of its retail...