|Founded||December 10, 1971|
|Defunct||September 28, 2011|
|Fate||Chapter 7 bankruptcy Liquidation sale|
|Successor||Barnes & Noble|
|Defunct||24 December 2009|
|Fate||In administration Closure|
|Headquarters||Charing Cross Road, London , UK|
On 2 June 2011, the administrator announced the closure of the remaining nine Borders stores, as no buyer could be found. All stores in Australia were closed by July 2011.
Lack of diversification: Finally, Borders failed because it had no other revenue other than physical books and periodicals. Consider the rivals: Barnes & Noble: Sold one million Nook books on Christmas Day 2010. Amazon: Once a traditional book retailer, now selling more Kindle books than physical books.
It appears to be all over for the Borders bookselling chain. The company will be liquidated — meaning sold off in pieces — and almost 11,000 employees will lose their jobs. The chain’s 400 remaining stores will close their doors by the end of September.
In the 1990s, it invested heavily in CD sales. Bad move: Around then, people stopped buying CDs as they began buying iPods instead. And when it finally reduced music inventories, Borders found itself with more expensive retail space than it needed, putting additional pressure on its business model.
July 18, 2011
Earlier this week, a federal judge in Manhattan ruled that holders of Borders gift cards — some $210 million worth — are out of luck. The bookseller closed its last store in late 2011, and now its outstanding gift cards are finally, officially worthless.
Only Barnes & Noble Gift Cards and eGift Cards can be redeemed at Barnes & Noble and BN.com. We cannot honor Borders gift cards, and we regret any misunderstanding. Barnes & Noble did not take over Borders’ stores or business.
Barnes & Noble bought Borders’ customer loyalty list, which includes millions of names, email addresses, physical addresses, phone numbers and some purchase information. B&N paid $13.9 million to acquire Borders’ brand name and website, which the company plans to close Oct.
|libraries per 100,000 people||60.5|
|Defunct||July 18, 2011|
|Fate||Liquidation as a result of bankruptcy of the Borders Group|
|Headquarters||Ann Arbor, Michigan|
|Number of locations||1|
1886, New York, New York, United States
U.S. Barnes & Noble Booksellers is an American bookseller. … As of July 7, 2020, the company operates 614 retail stores in all 50 U.S. states. Barnes & Noble operates mainly through its Barnes & Noble Booksellers chain of bookstores.
|Founded||1917 in Florence, Alabama|
|Founder||Clyde W. Anderson|
|Number of locations||260|
Barnes & Noble’s top competitors include Amazon, Wiley, McGraw-Hill and Cengage Learning.
Today, there are around 10,800 bookstores in the U.S.
Yet that number is considerably lower than the number recorded in 1997 when there were 12,363 stores, a 12.2% drop.
According to the American Booksellers Association, more than one independent bookstore has closed each week since the pandemic began, and 20 percent of independent bookstores across the country are in danger of closing. In contrast, spending on Amazon this summer was up 60% from the same time frame last year.
Barnes & Noble Inc. is being acquired by a hedge fund for $476 million and will be taken private. The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com Inc. … Leonard Riggio acquired the century-old Barnes & Noble in the 1970s, including its flagship Manhattan store.
Border was first used to describe boundaries between countries in the 1530s, when the word was used to name the area adjoining England and Scotland. A boarder is a lodger, someone who lives in a residence of some sort where he receives regular meals in exchange for payment.
|Characteristic||Number of stores|
As of this writing, they are still accepting Sports Authority gift cards both online and in-store. You have until 6/28/16 to use them, both online and in-store. If you missed your chance to redeem your gift card, you can file a claim here and try to get your money back.
To redeem a Gift Card or an eGift Card online:
When you are ready to checkout, click “Cart”. Proceed through the checkout. Enter your gift card number and PIN from the card on the Payment Page and click “Apply”. When making a purchase online you may redeem up to three Gift Cards per order.
Toys “R” Us filed for Chapter 11 bankruptcy in 2017, after being squeezed by debt and competitors with large online platforms, like Amazon and Wal-Mart, resulting in all of their U.S. locations closing.
came into existence following the spin off from its parent Kmart Corporation in May 1995. But the Borders name dates back over two decades. Borders began as a single used bookstore in Ann Arbor, Michigan. The shop was founded by Louis and Tom Borders in 1971.
The City With The Most Bookstores
According to the World Cities Culture Forum, Portugal’s capital city has significantly more bookstores per capita than the runner up. Melbourne, Australia, clocks in second with 33.9 bookstores per 100,000 people (which is still mighty impressive).
|Rank||State||Percentage of US Ebook Sales|
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