Borders goes bankrupt: The end of the bookstore?

The chain that brought mega bookstores to malls across America will reportedly file for bankruptcy this week. Can other bookstores survive?

After filing for bankruptcy, Borders will likely close one third of its 674 stores, with some bloggers wondering if bookstores as a whole will follow suit.
(Image credit: CC BY: Mark Hilary)

Borders is expected to file for bankruptcy this week, according to The Wall Street Journal, and will likely be forced to close one third of its 674 stores. Borders pioneered the kind of large, supermarket-style bookstores that popped up across the U.S. during the '90s, but it failed to change its business model to adapt to the online and e-book markets. Borders' troubles have analysts wondering about the future of the brick-and-mortar bookstore. Is this the beginning of the end? (Watch a report about Borders' bankruptcy)

Yes, and we should be worried: What a "sad day" for our children, says an editorial in Britain's Daily Express. As our digital world makes the traditional bookstore an antique, we ought to be wary of a culture "in which the younger generation has no real access to the written word." Can we really be sure our children's literacy skills won't be affected by this?

"Unhappy ending for books"

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

It is the end of mega bookstores, not books: The "tailspin" of Borders proves that big, impersonal bookstores just aren't needed anymore, says Alexia Tsotsis at TechCrunch. But Barnes and Noble is still doing fine, thanks to its decision to diversify into e-books with the Nook e-reader. Borders may be toast, but books aren't.

"The internet scores its second victory of the day, Borders near bankruptcy"

This could even help bookstores: When Borders opened, pundits forecast the death of the independent bookseller, says the Retail Gazette. But now, ironically, "it may be smaller independent outlets that are best equipped for the challenges ahead." Borders and other superstores had to spend money on "an extensive amount of space" to offer a wide selection of books, while specialists can survive with much lower overheads.

"Borders demise signals end for chain bookstores"

To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us