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NEWS: Court Approves Borders Dissolution Plan




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Mizuki-Takashima



Joined: 10 Sep 2011
Posts: 215
PostPosted: Thu Dec 22, 2011 12:56 am Reply with quote
So I'm guessing this means it'll be gone for good?

Kind of saw it coming but still sad none-the-less.
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enurtsol



Joined: 01 May 2007
Posts: 14886
PostPosted: Thu Dec 22, 2011 5:09 am Reply with quote
Murder She wrote:

The dissolution plan will pay unsecured creditors who owe more than US$800 million toward the higher end of a 4% to 10% range on their debt.


I think that should be "who are owed," not "who owe."

So, unsecured creditors are owed over $800 million but will get at most only 10% of that? Sucks to be them...................
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metroid24



Joined: 08 Mar 2006
Posts: 69
Location: grand junction colorado
PostPosted: Thu Dec 22, 2011 6:06 am Reply with quote
it sucks they were the only good book store in my city with a ton of manga now al thats left is barnes and noble and hastings and they have very few titles looks i have to go back to rightstuf or amazon for my books
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njprogfan
Collector Extraordinaire



Joined: 08 Feb 2007
Posts: 1220
Location: A River Named Toms
PostPosted: Thu Dec 22, 2011 6:36 am Reply with quote
Still missing Borders Sad
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Darkmagick
Subscriber



Joined: 24 Nov 2011
Posts: 471
PostPosted: Thu Dec 22, 2011 8:22 am Reply with quote
R.I.P. Borders. You will be missed. T.T
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Sacto0562



Joined: 12 Jun 2010
Posts: 288
PostPosted: Thu Dec 22, 2011 9:04 am Reply with quote
One of the biggest reasons Borders failed was they never had a coherent strategy for e-book readers like Barnes & Noble did when B&N rolled out the Nook at the end of 2009. Today, the Nook Simple Touch and Tablet are very viable devices and could very soon contribute hugely to B&N's bottom line.
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streexanime



Joined: 22 Nov 2004
Posts: 78
PostPosted: Thu Dec 22, 2011 9:24 am Reply with quote
Anyone else have a Books-A-Million open where your borders used to be?

At least for me they carry a better selection than Barnes & Noble.
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Sea Lion



Joined: 07 Apr 2009
Posts: 307
PostPosted: Thu Dec 22, 2011 11:48 am Reply with quote
^^^ *Sigh* No. There's some stupid holiday store there, and it's not even open.

I really have to move to the city -- ANY city.
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Sheleigha



Joined: 09 May 2008
Posts: 1674
PostPosted: Thu Dec 22, 2011 1:08 pm Reply with quote
njprogfan wrote:
Still missing Borders Sad


Me too... I hate driving by one of the abandoned, closed down ones and remembered how much I loved browsing around and using their coupons :'(
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penguintruth



Joined: 08 Dec 2004
Posts: 8501
Location: Penguinopolis
PostPosted: Thu Dec 22, 2011 1:27 pm Reply with quote
I have fond memories of my local Borders. It was right next to the movie theater. When going to see a movie, I'd buy a ticket, then go over to Borders for a while to browse, then head back over before coming attractions. After the movie I would head back to Borders. I bought a great deal of books, let alone manga, at that store. The weird thing is, even though the store is closed, the sign is still there and I see it every time I'm in the area. A small part of me hopes when I see it that it might reopen, even though I know it won't.
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Sunday Silence



Joined: 22 Jun 2010
Posts: 2047
PostPosted: Thu Dec 22, 2011 5:34 pm Reply with quote
Sacto0562 wrote:
One of the biggest reasons Borders failed was they never had a coherent strategy for e-book readers like Barnes & Noble did when B&N rolled out the Nook at the end of 2009. Today, the Nook Simple Touch and Tablet are very viable devices and could very soon contribute hugely to B&N's bottom line.


No, one of the biggest reasons is corporate mismanagement. E-Books was a small factor in the whole mess.
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