Borders without Tokyopop
Posted 17 January 2011 - 01:53 PM
Borders has big debt and Tokyopop hasn't really recovered from the assault on their on consumers with over licensing and cancelations. Both are at risk.
Posted 21 January 2011 - 04:53 PM
Sucks because Borders tends to carry new items while Barnes and Noble doesn't. That'll mean I'll and perhaps many others will need to buy online.
The large bookstore chain is almost gone already. The only question remaining is whether it will be dissolved or sold to a related retailer like Barnes & Noble. It appears Borders has little choice other than to go bankrupt, given its debt and cash-flow situation. Two ominous signs for the bookseller: It says it's unable to pay some of its largest publishers for their books.
Border's stock also dropped under $1 a share, a warning sign that the shares could eventually be delisted -- that is, if Borders lasts long enough. The company's 500 locations may have value to a buyer, but its name does not, being associated with little more than failure.
Posted 28 January 2011 - 06:51 PM
But I suspect this is related a lot of why other companies are going down. Stores (in the real world) are having a hard time competing against digital content (think Netflix vs. Blockbuster), so they won't carry something that isn't bringing in the bacon for them.
But it does suck, since when I get a car I'd like to go out to stores and physically buy stuff. This is really just a pattern of events...nothing new to me.
People can't really afford to buy many things in these times (US anyway), and when they do they like to be lazy about it.