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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Wahlstrom also mentions the migration to online purchasing. "The consumer, just over the last couple of years, has gained increasing transparency in pricing. Whether it's going to an Amazon.com or one of [Borders' or Barnes & Noble's] own websites, the incentive for a customer to go into a [physical] Barnes & Noble, a Borders, a Books-A-Million, even a Costco, Wal-mart or Target, to buy books has kinda changed over the last few years," he says. "Customers today are certainly looking for that added value, and it's very difficult and it's very expensive to be everything to everyone. So Borders and Barnes & Noble, as they stand in their superstores, are holding a lot of inventory for products that may or may not turnover very quickly."
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Janet Spavlik
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