Does Borders Bankruptcy Signify the End of Physical Bookstores?
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the%20official%20announcement%20yesterday<%2Fa>%20that%20Borders%20Group%20had%20filed%20for%20Chapter%2011%20bankruptcy%20still%20caused%20a%20stir%20throughout%20the%20book%20publishing%20industry,%20as%20publishers,%20retailers,%20authors%20and%20consumers%20speculated%20about%20what%20this%20development%20could%20mean%20for%20the%20future%20of%20brick-and-mortar%20bookstores.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Farticle%2Fdoes-borders-bankruptcy-signify-end-physical-bookstores%2F" target="_blank" class="email" data-post-id="5708" type="icon_link">
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With the Chapter 11 filing, Borders CEO Mike Edwards also announced that the company would be shuttering 200 store locations nationwide.
The dramatic rise of e-book sales—according to the most recent figures from the Association of American Publishers, e-book revenue grew 164.8 percent in December 2010 compared to December 2009—is perhaps an easy factor to point to in an effort to explain Borders' closing of hundreds of stores filled with shelves of traditional ink-on-paper.
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Janet Spavlik
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