Borders gone!

johnboy 2 June 2011 69
Borders

Liquidators Ferrier Hodgson have announced they haven’t been able to find a buyer for Borders and so the remaining bookstores, including the ones in Canberra, will close.

A total of 315 staff will be affected by the closures, which will take place over the next six to eight weeks.

The final Borders stores will close on July 17, but others may close sooner dependent on the sellthrough of remaining stock.

The Administrator, Mr John Melluish, said the stores are closing because no buyers had emerged for the Borders outlets.

As a lover of books it always seemed that while Borders (and Angus and Robertson for that matter) might have had a lot of books, but they didn’t do a great job of pointing the reader to the best books.


What's Your Opinion?


Please login to post your comments, or connect with
69 Responses to Borders gone!
Filter
Order
rosscoact rosscoact 1:13 pm 10 Jun 11

SheepGroper said :

Borders Civic are now discounting at 30% for most stuff, 40% for DVDs and 20% for cards.

and yet still dearer than you can buy online

SheepGroper SheepGroper 12:27 pm 10 Jun 11

Borders Civic are now discounting at 30% for most stuff, 40% for DVDs and 20% for cards.

NickD NickD 10:07 am 04 Jun 11

Given how bad they were at their core business of running physical bookshops, I don’t see much future for their online sales, especially now that they’ve tarnished their image with the stupid decision to cancel gift cards.

gladbag gladbag 8:05 pm 03 Jun 11

Maybe Civic Library can move in there, so people can still go and read at lunchtime

creative_canberran creative_canberran 6:53 pm 03 Jun 11

Worth noting that the Borders online store at this stage will continue to trade and receive new stock. Given that their chief competition is from Amazon online anyway, this may well be a good move. Remove the expensive, capital intensive retail footprint and incompetent staff and focus online with lower overheads. We could actually see some improved competition come out of this… maybe. All depends on how they play it.

aronde aronde 6:40 pm 03 Jun 11

And Borders also had trouble with spelling –

http://the-riotact.com/its-the-attention-to-detail/28425

lonnie lonnie 6:29 pm 03 Jun 11

Ryan said :

Wonder who will take over the space vacated by Borders? Seems too big for your ‘ordinary’ store and its location probably isn’t best for chopping it up into smaller stores..

MudLark said :

“Vast areas of the Hyperdome (including the newsagent) have disappeared”

Where has the newsagent gone?

Out onto Anketell Street apparently, somewhere along that section of empty shopfronts opposite Southlife.

It’s right near the pedestrian crossing out the front of the Hyperdome. There were “now open” signs out the front yesterday.

Lazy I Lazy I 2:26 pm 03 Jun 11

Internet book sales continued (free plug http://booko.com.au/ )

… and nothing of value was lost.

Thoroughly Smashed Thoroughly Smashed 1:00 pm 03 Jun 11

johnboy said :

As a lover of books it always seemed that while Borders (and Angus and Robertson for that matter) might have had a lot of books, but they didn’t do a great job of pointing the reader to the best books.

Nor, apparently, did they realise their business model had become an anachronism.

Jim Jones Jim Jones 12:24 pm 03 Jun 11

Mysteryman said :

True. I read the wrong link. I was reading an announcement from 2010. My other points remain though – they are still selling more print books than ever before, regardless of their ebook sales. That doesn’t sound like the death of printed books to me.

The market share of ebooks is growing exponentially (a recently released report from the Association of American Publishers puts a figure of 5-6% of profits to member publishers coming from ebooks – this is in keeping with exponential growth).

Similarly, Amazon’s market share has continued to rise since it’s inception (hence they are selling more printed books than previously, because they own more of the market).

It’s still early days, but Amazon are now selling more ebooks than printed books. It was only in 2010 that they announced that they were selling more ebooks than hardcover (which is a very small market).

How would you foresee these shifs in market share occurring if not at the expense of printed books? Is everyone buying more ebooks *and* printed books?

Figures from the AAP don’t support this conclusion (depending on which end of the market you look at, print sales in the US are either declining or stagnant), and Australia reports the same (with not just the liquidation of Angus & Robertson and Borders, but also large distributors such as REDGroup).

In 2010 in Australia, print runs declined by roughly 20%, but overall volume of book industry production actually increased by 4%. eBooks aren’t responsible for this shift (in Australia, ebooks have a very small 3-5% of the market), but they are very quickly coming in to fill the gap.

Because of the regional restrictions to a lot of ebook reading technology, we’re lagging a few years behind the American experience, but the way forward is remarkably clear. eBooks will continue to take more and more market share.

pink little birdie pink little birdie 12:23 pm 03 Jun 11

People who buy books don’t just buy from Amazon. There are still alot of people who buy books from physical book stores… before going to Amazon.
I tend to order my American print books from Dymocks who will get the book in for me. I only order books on the internet as a last resort if I can’t find the book here or can’t order it from a book store.
Amazon might be cheaper but I like going into a store and finding the book I want and then leaving with it… and I’m going to be willing to continue to pay for that service for a long while.

Also have you seen how many people attend the lifeline bookfairs here? The number of people attending is going up each time 🙂

Mysteryman Mysteryman 11:36 am 03 Jun 11

Jim Jones said :

Mysteryman said :

Let’s not forget that the statistic about e-books outselling HARDCOVER books is for one company only – Amazon – which is also the company that produces the Kindle. They are selling more e-books than hardcovers. There was no mention of selling more e-books than printed books. That’s an important distinction. Just as importantly, during the same announcement, the Amazon CEO said that hardcover sales had also increased during the same period. So really, the argument that e-books are killing print books is specious at best.

No. You obviously didn’t bother reading the link.

Amazon are selling more Kindle e-books than both hardcover and paperback books combined. They are selling more ebooks than printed books.

True. I read the wrong link. I was reading an announcement from 2010. My other points remain though – they are still selling more print books than ever before, regardless of their ebook sales. That doesn’t sound like the death of printed books to me.

ConanOfCooma ConanOfCooma 10:39 am 03 Jun 11

The title is wrong. Borders hasn’t gone, it’s going.

Ryan Ryan 7:59 am 03 Jun 11

Wonder who will take over the space vacated by Borders? Seems too big for your ‘ordinary’ store and its location probably isn’t best for chopping it up into smaller stores..

MudLark said :

“Vast areas of the Hyperdome (including the newsagent) have disappeared”

Where has the newsagent gone?

Out onto Anketell Street apparently, somewhere along that section of empty shopfronts opposite Southlife.

LSWCHP LSWCHP 11:30 pm 02 Jun 11

John Moulis said :

kezzafezza said :

I’ve got my books online for awhile now. A book I recently purchased was over $40 at Borders, and I got it from Amazon for only $13.
I’d love it if someone could post here if they notice Borders are having a massive closing sale. Last week Angus and Robertson in Woden were selling all their books in store on their final day for a gold coin each. I wish I had of known! A friend of mine got about 80 brand new books for $80.

I got there in the late afternoon when the shelves were almost all empty. Still managed to pick up 8 books for $8.00. There were several copies of Steve Vizard’s autobiography and surprisingly a book about gay sex also remained unsold.

Surprisingly?

The Traineediplomat The Traineediplomat 9:42 pm 02 Jun 11

MudLark said :

“Vast areas of the Hyperdome (including the newsagent) have disappeared”

Where has the newsagent gone?

Bermuda…..I hear the Triangles are lovely…

MudLark MudLark 7:35 pm 02 Jun 11

“Vast areas of the Hyperdome (including the newsagent) have disappeared”

Where has the newsagent gone?

Lenient Lenient 7:13 pm 02 Jun 11

ebooks are more resilient than real books… if your reader is stolen or damaged just get a new one and download your books from where you got them or from your back-up.

Got a different reader as a replacement?… just shift the format with a fomat shifting programme.

inlymbo inlymbo 6:54 pm 02 Jun 11

Sad to see little inlymbo’s Friday night ‘Liberry’ trip gone.

Me on the other hand, could not care less. Over the years every book I was interested in buying was not in stock, one had won the New York Times book of the year that very year…..still no luck.

The staff never seemed to care too much about anything in my opinion except maybe how alternative their hairdo was.

I bought quite a few of little inlymbos many books there and joined the valued customer crap thing. Turned out you had to spend a lot of money within three months to get anything out of it (I think they changed it to 6 months at some point in time). I ripped up at least 4 loyalty cards that had expired.

The Canberra store was always full of people, and I do not remember ever walking to a register without at least 2 people in front of me, I don’t think the death of this bookstore has anything to do with the internet or ebooks, just bad customer service, stock holdings and less than enthused staff.

Jim Jones Jim Jones 6:28 pm 02 Jun 11

Mysteryman said :

Let’s not forget that the statistic about e-books outselling HARDCOVER books is for one company only – Amazon – which is also the company that produces the Kindle. They are selling more e-books than hardcovers. There was no mention of selling more e-books than printed books. That’s an important distinction. Just as importantly, during the same announcement, the Amazon CEO said that hardcover sales had also increased during the same period. So really, the argument that e-books are killing print books is specious at best.

No. You obviously didn’t bother reading the link.

Amazon are selling more Kindle e-books than both hardcover and paperback books combined. They are selling more ebooks than printed books.

CBR Tweets

Sign up to our newsletter

 Top
Region Group Pty Ltd

Search across the site