Another Casualty of the Retail Collapse: Borders to Close 200 Waldenbooks Locations

Posted November 6th, 2009 by johnu78

Borders(BGP) is the second-largest bookstore chain in the nation. A few years ago the company purchased Waldenbooks. Since that purchase Borders has struggled to keep its business profitable in a rapidly deteriorating economy...

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Waldenbooks

On November 6th, 2009 freewillobjector says:

This store has been on the verge of closing for years. I'm suprised it didn't happen sooner.

Some of the damage is inflated by other issues

On November 6th, 2009 RonPauler says:

When a large chain buys other stores, there is an intention to consolidate the closest locations. Also, even fewer stores are needed because on-line book-selling is so brisk.

The poor economy plays into the timing and the ones that weren't going to close without the economic downturn probably won't be back because of the move to on-line selling.

And this just adds to the looming

On November 6th, 2009 Rexorooter says:

commercial real estate crash.

That one's way overdue

On November 6th, 2009 RonPauler says:

For so long, perfectly good buildings would be torn down or passed over so a business could build from scratch. That was a sign of the economy being upside down.

The big Borders store

On November 6th, 2009 RonzdaMan says:

in my town has already closed....about six months ago. I was surprised because it was located in a really big business district and it seemed to do good business. Kind of miss it...The Borders was the main anchor store of the complex. Since Borders has gone, several of the other stores have closed too. We are dangerously close to becoming a shantytown.