Borders up for sale in Australia?
I might have missed local media coverage of this announcement from Borders in the US about plans for its international stores including those in Australia. They have retained KPMG to assist in the processes outlined in their announcement.
This is big news given the considerable coverage given to the arrival and subsequent expansion of Borders here. The announcement does not suggest the brand will retreat, rather that they will seek strategic alternatives.
Newsagents need to read the entire announcement. It reflects knowledge of changes in categories or products and how consumers shop those categories which also impact newsagents. For example, that Borders is bullish about and expanding their Paperchase model is interesting – especially that they will be launching some standalone stores under this brand.
My view is that newsagents need to consider how e brand and the breadth of product categories behind the brand. We put considerable emphasis on a single brand to represent the whole of the store. It could be that that general store type approach is not working for us as well as several purpose created and small stores could.