UpstateNYUPSer(Ret)
Well-Known Member
http://www.ktla.com/news/landing/ktla-borders-bankrupt,0,2928708.story
Border's did not adjust to changing market conditions, including arriving too late to the e-reader party, and will be liquidating and closing the remaining 399 stores starting as early as this Friday. This is a shame as I used to enjoy an (overpriced) cup of coffee while skimming through the latest John Grisham novel. It also means the loss of 11,000 jobs.
This should serve as a wake-up call for those merchants who are still hesitant to shift their focus in part to e-commerce. Online shopping continues to grow in popularity and merchants who aren't willing or fail to take advantage of this may find themselves on the outside looking in.
Border's did not adjust to changing market conditions, including arriving too late to the e-reader party, and will be liquidating and closing the remaining 399 stores starting as early as this Friday. This is a shame as I used to enjoy an (overpriced) cup of coffee while skimming through the latest John Grisham novel. It also means the loss of 11,000 jobs.
This should serve as a wake-up call for those merchants who are still hesitant to shift their focus in part to e-commerce. Online shopping continues to grow in popularity and merchants who aren't willing or fail to take advantage of this may find themselves on the outside looking in.