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1. People also ask

   What happened to Borders Books?

   • With so many people going online to buy books, Borders lost out. The last time it turned a profit was 2006. In February of this year, it filed for bankruptcy protection. Those who bemoaned the rise of bookselling giants might see irony in Border's demise. With one of the major players gone, there might be some room, once again, for the little guys.

   Why Borders Failed While Barnes & Noble Survived : NPR

   www.npr.org/2011/07/19/138514209/why-borders-failed-while-barnes-and-noble-survived

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   What happened to borders?

   • This week, major international bookseller Borders announced it would liquidate its inventory and shutter its stores. More than 10,000 workers are expected to be laid off. Thursday on the PBS NewsHour, Jeffrey Brown talked to Annie Lowrey of Slate about the fall of that retail giant.

   It’s the End for Borders, but How Are Independent Bookstores ... - PBS

   www.pbs.org/newshour/arts/how-are-independent-book-sellers-faring-and-adapting

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   Was borders a success?

   • Borders might have started out as just a bookstore, but it didn't stay that way. The stores later shifted to selling DVDs and CDs and opted to heavily focus on that market in the 1990s, according to Time. But ultimately, it wasn't as great a success as business executives might have hoped for.

   What Happened To Borders Bookstores? - Grunge

   www.grunge.com/787837/what-happened-to-borders-bookstores/

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   When did borders start a bookstore?

   • The retailer's first bookstore opened in Ann Arbor, Mich., 40 years ago. Along with competitor Barnes & Noble, Borders pioneered the book megastore business. But Borders made some critical missteps over the years that cost it the business.

   Why Borders Failed While Barnes & Noble Survived : NPR

   www.npr.org/2011/07/19/138514209/why-borders-failed-while-barnes-and-noble-survived

   See all results for this question

   Why did Barnes & Noble Buy Borders Books?

   • Borders Books was rumored to have approached Barnes & Noble in hopes of a buyout. The chain was in debt, having increased its financial instability by borrowing US$42.5 million in March from Pershing Square Capital Management, the company's major stockholder, to keep the company running through the remainder of the fiscal year.

   Borders Group - Wikipedia

   en.wikipedia.org/wiki/Borders_Group

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   Is the death of borders the end for books?

   • The death of Borders doesn’t necessarily mean the beginning of the end for books. But the days of the massive shopping mall-like stores appear to be numbered. Forty years ago, when Borders opened its first store in Ann Arbor, Michigan, the book industry was a different place.

   5 Reasons Borders Went Out of Business (and What Will Take Its Place)

   business.time.com/2011/07/19/5-reasons-borders-went-out-of-business-and-what-will-take-its-place/

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2. www.npr.org › 2011/07/19 › 138514209Why Borders Failed While Barnes & Noble Survived : NPR

   www.npr.org › 2011/07/19 › 138514209

   With so many people going online to buy books, Borders lost out. The last time it turned a profit was 2006. In February of this year, it filed for bankruptcy protection.

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4. en.wikipedia.org › wiki › Borders_GroupBorders Group - Wikipedia

   en.wikipedia.org › wiki › Borders_Group

   • Cached

   In March 2008, Borders Group announced the intention to sell the chain because of financial difficulties. Borders Books was rumored to have approached Barnes & Noble in hopes of a buyout.

5. business.time.com › 2011/07/19 › 5-reasons-borders5 Reasons Borders Went Out of Business (and What Will Take ...

   business.time.com › 2011/07/19 › 5-reasons-borders

   • Cached

   • It was too late to the Web. For years, Borders outsourced its online book-selling to Amazon.com. So anytime you visited borders.com, you were redirected.
   • It was too late to e-books. In a similar vein, Borders didn’t foresee the rise of e-books like Amazon and later Barnes & Noble did. It didn’t develop its own e-reader to compete with the Kindle or the Nook, and Borders only opened an online e-book store a year ago.
   • It opened too many stores. Borders just got too big — so big in fact that many of its stores (an estimated 70 percent) were competing with a local Barnes & Noble’s, offering a glut of book stores even as people were shifting to online shopping.
   • It had too much debt. When the recession hit in 2008-09, Borders was already carrying a huge debt load. It had restructured twice since 2008 in an attempt to pay down some $350 million owed.

6. Videos

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     11:21

     youtube.com

     The Decline of Borders...What Happened?

     24 May 2023

     396.8K views

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     6:18

     youtube.com

     Borders Closes the Book as Decisions Come Back to Haunt Chain

     21 Jul 2011

     12.3K views

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     pbs.org

     Borders Closes the Book as Decisions Come Back to Haunt Chain

     21 Jul 2011

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7. www.thebulwark.com › p › a-decade-after-borders-shutA Decade After Borders Shut Down, Here’s What’s in Its Former ...

   www.thebulwark.com › p › a-decade-after-borders-shut

   Oct 21, 2021 · It’s been almost exactly ten years since the last Borders bookstore closed, following the company’s February 2011 bankruptcy. Vacating roughly five hundred locations throughout 2011, the erstwhile king of brick-and-mortar book retailing left behind a massive real-estate footprint, millions in unused gift cards, and a lot of memories.

8. www.grunge.com › 787837What Happened To Borders Bookstores? - Grunge

   www.grunge.com › 787837

   • Cached

   Mar 4, 2022 · Borders might have started out as just a bookstore, but it didn't stay that way. The stores later shifted to selling DVDs and CDs and opted to heavily focus on that market in the 1990s, according to Time. But ultimately, it wasn't as great a success as business executives might have hoped for.

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9. www.pbs.org › newshour › artsIt’s the End for Borders, but How Are Independent Bookstores ...

   www.pbs.org › newshour › arts

   • Cached

   Jul 21, 2011 · This week, major international bookseller Borders announced it would liquidate its inventory and shutter its stores. More than 10,000 workers are expected to be laid off. Thursday on the PBS...

10. www.cbsnews.com › news › beyond-borders-how-theBeyond Borders: How the Failed Bookstore Chain Hastened Its ...

    www.cbsnews.com › news › beyond-borders-how-the

    • Cached

    Jul 19, 2011 · Yesterday, Borders (BGPIQ) finally gave up. After not finding a buyer, the financially-strapped bookstore chain decided to close. The fire sale could happen as soon as Friday.