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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For Borders, the challenges were both industry-related/situational and Borders-specific, McKeown says. Borders paid the price for top-management turnover, a failure to grasp the power of the Internet and relying too much on music CD sales as part of its business model, he explains, compounding trends that have hurt the bottom line of book superstores generally.
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Jim Sturdivant
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