Image via WikipediaBy Randy Economy
www.Economy4abc.blogspot.com
February 12, 2011
3 a.m.
New York
Could the "American bookstore" become a thing of the past?
In this age of IPads, Nooks and Kindles, it appears that Borders Books could be out of business...as early as Monday. Yep, reports in the Wall Street Journal and other east coast financial rags are reporting that the end is near for the troubled book company that is controlled by Borders Group, Inc.
Image via Wikipedia
It is finishing up preparations for a bankruptcy filing and it could and probably happen this coming Monday morning when the New York Stock Exchange opens.
I love Borders. We have a two story location here in our Cerritos Towne Center. I just bought a couple of very challenging jigsaw puzzles with my mom over the recent holidays as well as some amazing tabletop cook books.
As a journalist and an author, I am saddened to see that our society is moving away from "brick and mortar book stores." It would be a huge loss for our community here in Cerritos if Borders shuts down.
BTW: I STILL haven't gotten into the Nook or Amazon's Kindle craze, but I am contemplating a new Verizon IPhone this weekend.
Image via CrunchBase
Cover via AmazonSo, how do you feel about this? Good thing? Bad Thing? Sign of the changing times? Share your thoughts. Hit my comment section below.
www.Economy4abc.blogspot.com
February 12, 2011
3 a.m.
New York
Could the "American bookstore" become a thing of the past?
In this age of IPads, Nooks and Kindles, it appears that Borders Books could be out of business...as early as Monday. Yep, reports in the Wall Street Journal and other east coast financial rags are reporting that the end is near for the troubled book company that is controlled by Borders Group, Inc.
Image via Wikipedia
It is finishing up preparations for a bankruptcy filing and it could and probably happen this coming Monday morning when the New York Stock Exchange opens.
I love Borders. We have a two story location here in our Cerritos Towne Center. I just bought a couple of very challenging jigsaw puzzles with my mom over the recent holidays as well as some amazing tabletop cook books.
As a journalist and an author, I am saddened to see that our society is moving away from "brick and mortar book stores." It would be a huge loss for our community here in Cerritos if Borders shuts down.
BTW: I STILL haven't gotten into the Nook or Amazon's Kindle craze, but I am contemplating a new Verizon IPhone this weekend.
Image via CrunchBase
Cover via AmazonSo, how do you feel about this? Good thing? Bad Thing? Sign of the changing times? Share your thoughts. Hit my comment section below.
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