It probably only make sense that since consumers aren’t buying as many books as in times past that they also aren’t shopping at bookstores, right? The nation’s second largest book retailer, Borders, has announced that its closing shop. The book chain said it couldn’t find any buyers who were willing to take a chance on a large retail chain that has been hemorrhaging cash for months.
Borders had previously closed some of its stores. And now the 399 remaining stores it operates will all be gone by the end of September.
This development leaves Barnes And Noble as the largest coast-to-coast, retail book store giant, followed by Books-A-Million. Amazon.com has also been taking up a large percentage of book sales that Borders once claimed.
Some analysts have said the closing of Borders will make it hard for new authors to be discovered, since its closing a vital avenue for those new voices to be heard.
Borders employs 10,700 people who will be out of a job by early Fall.
The chain’s abrupt closing is viewed as yet another nail in the coffin of the printed book, which many feel may go out of existence eventually.
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