It seems that Borders USA is looking even less likely to continue business than before last week’s auction.
For those of you just joining the saga, Borders USA has been battling the “Going Out of Business Sale” demons for nearly a year. Borders UK folded a couple of years ago, and the Australian version a few months ago, but the American chain looked like a solid contender for continuing life; especially when reports of Barnes & Noble were filled with stockholder revolt.
What with local, long term businesses such as Duthies and its offspring Ardea Books, plus specialty shops like Biz Books and others finding it impossible to operate and pay ever-increasing costs for city property and commercial business taxes, adding the above to the mix makes one wonder “will I ever walk into a book shop again?”
When it comes to pass that — as is the case with Borders’ auction last week — no one is even interested in placing a bid for a multiple-location, national chain of stores, no matter what those stores offer, you really have to wonder about things.
Sorry, no answers here, nor even much in the way of hope, just a post to note the placing of another brick in a construction of something. I’ve no idea even what that construction is shaped like, but one does feel a tad that the final form will look a bit dreary.