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End of an Era--Borders to Close Remaining Stores
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 858832" data-attributes="member: 12570"><p><a href="http://www.ktla.com/news/landing/ktla-borders-bankrupt,0,2928708.story" target="_blank">http://www.ktla.com/news/landing/ktla-borders-bankrupt,0,2928708.story</a></p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 858832, member: 12570"] [URL]http://www.ktla.com/news/landing/ktla-borders-bankrupt,0,2928708.story[/URL] 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. [/QUOTE]
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