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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"Ultimately, I feel the day has passed when the 150,000- to 200,000-volume, 25,000-square-foot superstore is the preferred shopping venue for books and creates the sense of discovery that people are looking for," he says. "It was a powerful model in the late '80s and '90s. I don't think it conveys the same advantages it once did, and in certain [areas], in terms of the operating costs and the overhead involved, it provides certain distinct disadvantages in providing a vital bricks-and-mortar retailing experience."
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Jim Sturdivant
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