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WRAL SmartShopper

Borders closing 30% of stores including some in Triangle

Posted February 16, 2011

Borders filed for Chapter 11 bankruptcy protection today and it plans on closing at least 200 stores, including many in the Triangle. Stores on the list to close include Cary, Greensboro, Apex, Raleigh and Chapel Hill. For the specific locations, click HERE. According to the Wall Street Journal today, there will be going-out-of-business sales at the stores that are closing.

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  • ferntickled Feb 17, 2011

    The store on Walnut has not reduced any prices beyond what was already marked down. The cashier told me that a sale was starting tomorrow but he didn't know anymore information or wouldn't tell me.

  • Squirreling Dervish Feb 17, 2011

    Nancy

    Barnes and Noble offered the Nook, and they were not behind the times. The Nook was released almost simultaneously with the AMazon Kindle, which does occupy a lion's share of the ereader market. I have a Nook and love it, but I still collect actual BOOKS.

  • Squirreling Dervish Feb 17, 2011

    Durham, Cary, apex and the one in Raleigh on E Six Forks. The complete listing is in the article in the Triangle Business Journal.

  • pulstar40 Feb 17, 2011

    Does anyone know when the stores will close? Lots of groups meet in the Border's Cafe for coffee and conversation.

  • thefensk Feb 17, 2011

    Regarding any sales ... depends on their publisher's agreements. I worked in publishing when bookstores could return a fair percentage of their books to publishers for full credit. Haven't been in the industry for about ten years but I imagine at least some of that stock will be returned.

  • sunoe Feb 17, 2011

    You may just get 50% off the cover price that is printed on the dust jacket. To prepare for that other bookstore closing in Raleigh last year, all the store stickers had to be removed from the covers.

  • thefensk Feb 17, 2011

    Nancy, the Nook is from Barnes & Noble, not Borders.
    Borders has the Kobo ... which was way behind the Nook and the Kindle. But you are right, that likely hurt them.
    But this will mean some good sales, on the books they can't return, anyway.

  • Oxymoron02 Feb 16, 2011

    Brick and mortar bookstores have been taking a beating from the likes of Amazon for some time. I'm not really surprised. Not having to maintain a store-front is an excellent way to undercut the competition.

    Personally, I enjoy the tactile experience of shopping for books. I'm not generally patient enough to put the book I want back on the shelf and go home and order it for less. Books are my kryptonite, but members of my family are the only people I know who can go to a used bookstore and drop several hundred dollars. :P

  • Nancy Feb 16, 2011

    The only Borders staying open is in N. Raleigh, right? That means the one in Cary is closing too - wow, I knew they were in trouble, they could have survived if their "Nook" e-book reader hadn't missed the Christmas rush two years ago when it launched, they took a beating on empty promises of when it would be ready.

  • Dukefan1 Feb 16, 2011

    I can't believe the Apex Borders is closing. It always seems busy to me when I am in there. This is not good news.

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