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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Michael Serbinis, CEO of Kobo Inc.—which partnered with Borders to power an e-book store integrated into Borders.com and to sell Kobo e-reading devices—blogged on the Kobo website yesterday: "While the e-book market is booming, the physical book market has started to feel some of the effects of digital growth. The news has been filled with challenges of book retailers around the world, most notably about Borders Group in the U.S." Serbinis went on to write that the Borders Chapter 11 filing would not impact Kobo nor its customers.
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Janet Spavlik
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