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Borders Bankruptcy Restructuring Plan: Publishers Are Skeptical

Borders

First Posted: 04/07/11 07:39 AM ET Updated: 06/07/11 06:12 AM ET

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nytimes.com:

Borders presented a restructuring plan to its creditors on Wednesday that promised publishers and landlords a sleeker, more efficient company poised to emerge successfully from bankruptcy through increased online sales and revamped stores.
But publishers characterized the plan as unrealistic and said they were more convinced than ever that Borders would be forced to sell itself or liquidate.

Read the whole story: nytimes.com

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Borders presented a restructuring plan to its creditors on Wednesday that promised publishers and landlords a sleeker, more efficient company poised to emerge successfully from bankruptcy through incr...
Borders presented a restructuring plan to its creditors on Wednesday that promised publishers and landlords a sleeker, more efficient company poised to emerge successfully from bankruptcy through incr...
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NancyPeske
64 Fans
08:45 AM on 04/11/2011
Here's a nutty idea: Ask the customers what they'd like. As a woman, I have no interest whatsoever in cookbooks. I prefer to read on Kindle, but buy books as gifts. I have no use for tchotchkes or overpriced coffee.
Also, why should I go to a bookstore to buy an eBook when I can do it sitting in the park the moment I get bored with the book I'm reading on my Kindle? Give me a reason to come into Borders--customer service and guidance, a sense of community where I feel I belong, side items that make sense for me and my lifestyle. I don't buy books at Borders and haven't for a long time because it was easier to find books I'd like using Amazon.com's software, and the free shipping inspired me to pick up some little book I might otherwise hem and haw over. What's more, it feels like a community because I can write and comment on reviews. Borders and BN feel like classy warehouses. The clerks don't know my genre, there's never a comfy chair open so I can sit and peruse a book before buying it, and I don't always want to pay $15 for a book. Kindle solves all those problems. So, Borders, what would your new store offer me that Amazon and Kindle can't?

http://www.nancypeske.com
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HUFFPOST SUPER USER
Sarijj
Snarky people need not reply
66 Fans
 
10:46 PM on 04/08/2011
So their big plan is to cater to those who shop at Borders? Isn't the problem lack of customers? I used to buy books in Borders, back when they had a wide selection of books. Now if I want history or science I go to Barns & Noble.
My local Borders did away with Cliff Notes and other aids for students. Not that I am a big fan of Cliff Notes, but I do find it odd they are not selling. Is the internet to blame?
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New Yorker
Roman Catholic, Anti-DEATH, Combat Vet, Sinner
189 Fans
10:12 AM on 04/07/2011
Now would be a great time to do a sequel to the meg Ryan Movie, "You've Got Mail" !

FOX books goes Belly Up ! Then Meg's character reopens the 'Little Shop Around The Corner', and it necomes an even bigger success than before. Art imitates life !
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NancyPeske
64 Fans
08:46 AM on 04/11/2011
Yes! That's the ticket! That book sold us on the superstores, which introduced a business model built on a flawed foundation. Let Nora Ephron figure it out and tell us what to do! :)

http://www.nancypeske.com
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