US book retailer Borders has filed for bankruptcy protection and announced the closure of 200 stores. On the back of the closure of Borders UK in 2009, the brand has taken a considerable hit. While the commentary is that a high level of debt is a key factor in this bankruptcy, the decline in book sales must also be a key factor.
Any retailer selling print related products has to be restructuring their business model ahead of serious sales decline and not after.
next will be newsagents
Ｎｅｗｓ ｒｅｐｏｒｔ ｉｎ Japan on TV right now about Borders. Main focus of it is because of digital book readers/kindle etc which are one of the main reasons according to the report.
Agree with you Eric