Borders Bookstore woes



Here is a news story about the financial troubles of Borders bookstore.

"Critics said the company botched its move into the digital age and instead saw sales drop and earnings plummet.
"The company reported a net loss of $74.4 million for the quarter ended Oct. 30 and has had financial losses every quarter for the last three years. Borders' chief bricks-and-mortar rival, Barnes & Noble, also has been struggling financially."

What does this mean for writers? It means 2011 is going to be a year of change. For most of us, the rise of the ebook is going to be good news. But not for Borders and B&N.

http://seattletimes.nwsource.com/html/living/2014166181_borders09.html
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2 comments:

  1. Maegan LangerFebruary 9, 2011 at 5:51 PM

    Awwww. I love Barnes and Noble. I could seriously wander around in that store for hours. I bet I could single-handedly keep that company afloat if I wandered long enough, because I always end up spending money there.

    ReplyDelete
  2. RussoFebruary 13, 2011 at 9:14 AM

    Sad, I love Borders and Barnes and Noble. Getting lost in the books.

    Another nice post!

    ReplyDelete

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