Barnes & Noble's Lynch Informs Former Borders Customers of Asset Purchase
Barnes & Noble CEO William Lynch yesterday sent an e-mail to former Borders customers informing them of its purchase of some of Borders' assets, including trademarks and customer data. The bookseller is offering a 15-day opt-out period for former Borders patrons who do not wish to have their information become part of Barnes & Noble's database.
Barnes & Noble and the bankruptcy court handling Borders' dissolution have come under criticism for ignoring court appeals from the Federal Trade Commission that would have required Barnes & Noble to seek permission from customers in order to use their information, rather than giving them a window of opportunity to opt out.
The letter is printed in full below.
Dear Borders Customer,
My name is William Lynch, CEO of Barnes & Noble, and I'm writing to you today on
behalf of the entire B&N team to make you aware of important information regarding your Borders account.
First of all let me say Barnes & Noble uniquely appreciates the importance bookstores play within local communities, and we're very sorry your Borders store closed.
As part of Borders ceasing operations, we acquired some of its assets including Borders brand trademarks and their customer list. The subject matter of your DVD and other video purchases will be part of the transferred information. The federal bankruptcy court approved this sale on September 26, 2011.
Our intent in buying the Borders customer list is simply to try and earn your business. The majority of our stores are within close proximity to former Borders store locations, and for those that aren't, we offer our award- winning NOOKTM digital reading devices that provide a bookstore in your pocket. We are readers like you, and hope that through our stores, NOOK devices, and our bn.com online bookstore we can win your trust and provide you with a place to read and shop.