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November 22, 2010
Holiday-time downsize
by Valerie Merians
Bad news out of Michigan on Friday. The Detroit Free Press reports that the “Borders Group plans to close 17 Borders superstores nationwide after the holidays.”
The troubled Ann Arbor-based book store chain announced last week that it had launched a website redesign in an effort to boost its online sales as the critical holiday season approaches
But Borders sales continue to fall. The company posted a net loss of $46.7 million at the end of the second quarter. The 17 store closings include superstore closings in Santa Barbara, CA, Nassau Park, NJ, downtown Portland, OR and Marlton, NJ.
Valerie Merians is the co-founder and co-publisher of Melville House.
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