The administrators for RED Group last night announced the imminent closure of another 16 Borders stores. The move reinforces the some challenges in retail at present. However, it opens more opportunities to nearby newsagents as we are well positioned to pick up the Borders magazine business. They keys here are range, service and encouraging browsing.
Smart newsagents near these closing Borders stores will refresh their magazine rage, relay their store, renew staff training to lift customer service and promote their magazine range externally.
Is Supa News still connected to Red Group Retail and are their stores affected by this bankruptcy ?
Last I heard was that Supanews was half owned by RED Group. But that may have changed. My understanding is that Supanews stores are trading as usual and are unaffected – contrary to what some have reported.