Borders Closes Stores in 200-Plus Cities: What Lies on the Retail Horizon?
A new opportunity may exist for indie bookstores.
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"I bought the store with a particular vision, of which Paige is an important component," Mayersohn says. "I began to realize that the digitization of books, which many people argue is a problem for independent bookstores … was going to be an asset for independent bookstores, because all of a sudden we could have an inventory that rivaled the inventory of our largest online competitors. So the day we got Paige, we essentially added 4 million books to our inventory without the associated inventory expense, obviously, and without the requirement to warehouse 4 million books."
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Jim Sturdivant
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