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Borders’ Landlords and Creditors, Kobo Object to Bankruptcy Liquidation
Borders Group Inc. faces objections as it heads to liquidation from creditors, landlords and e-book maker Kobo Inc., which called the sale process “hurried and confused.”
Borders will wind down its remaining 399 stores starting July 22 after it couldn’t reach an agreement with an earlier bidder, Najafi Cos., about an offer to keep the company running. The company won’t hold an auction as there have been no proposals to keep the company operating, it said in a statement yesterday.
10 Unconventional Bookstores For Your Browsing Pleasure
This week, the Paris Review let us in on a little secret — an illegal, speakeasy-style bookstore right here in our fair city of New York. While we try to hunt down the exact coordinates in hopes of a good read (and a good story), we thought we’d tally a few of our favorite unconventional and unusual bookstores from around the world, whether they be aquatic, underground, holy or just plain strange looking. After all, even us indie-bookshop devotees could use a little extra weirdness in our lives, and in our novels. Click through to see our picks, and let us know if we’ve left your favorite unconventional bookstore off the list!
Watch this beautiful video about Brazenhead Books, a secret bookstore that’s been tucked away in Michael Seidenberg’s apartment on the Upper East Side ever since the rent for his original retail space in Brooklyn was quadrupled.
Did Barnes and Nobles or Amazon put him out of business? Nope. Real estate did.
The Seattle Mystery bookshop was asked by an author if they could have a signing at the bookshop. Problem was the book was being published by Amazon. The answer was "no".
Blog post discussing incident: Can't Shake the Devil's Hand and Say You're Only Kidding
Independent bookstores, squeezed by competition from Internet retailers like Amazon, have long done something their online brethren cannot emulate: author events. And now many bookstores say they have no choice but to capitalize on this grand tradition.
They are charging admission.
Bookstores, including some of the most prominent around the country, have begun selling tickets or requiring a book purchase of customers who attend author readings and signings, a practice once considered unthinkable.
From Publishers Weekly:
After putting 29-year-old Globe Corner Bookstore up for sale last November because of a health issue, president Patrick Carrier announced today that the travel book and map store in Harvard Square Cambridge will close by the end of June. When Globe Corner opened in downtown Boston in 1982, it was one of the first travel bookstores in the U.S. It has been in Harvard Square for the past 24 years.
“Although we did receive several offers, none met our requirements for selling the business,” says Carrier, who plans to continue to sell online through the store’s website. In addition, Carrier will continue to solicit offers for the company’s assets, including its Web presence and databases and rights to the Globe Corner brand.
Across the state in Worcester, MA one of the area’s oldest used and antiquarian bookstores was forced to close over the Memorial Day weekend. Forty-six year-old Ben Franklin Bookstore, which had been slated to close at the end of the summer, was destroyed in a fire on Friday night. Although no one was harmed in the blaze, the inventory was destroyed and both bookstore cats died.
A Book Store. That’s Right. Book, Singular.
The book is Mr. Kessler’s account of NASA’s 2008 Phoenix Mars Lander mission, reported during 90 days inside mission control, in Tucson, alongside 130 leading scientists and engineers. Publishers Weekly calls the book a “slightly offbeat firsthand account of scientific determination and stubborn intellect” that “delivers a fascinating journey of discovery peppered with humor.”
The store is part marketing ploy, to be sure (Mr. Kessler is a creative director at an advertising agency), but also part meditation on the meaning of the book in an age of e-readers and a bankrupt Borders.
Fleeting Pages consists of taking over one of the spaces left empty by a failed big box bookstore in Pittsburgh, for one month, starting April 30th, and filling it with independent & self-published work of all kinds, book arts, workshops, and more.
Why is Barnes and Noble performing well as a business while Borders has filed for bankruptcy?
This is a question that many of us at Borders asked ourselves frequently and Evans thinks the answer is not a simple one. As someone who has given this a tremendous amount of thought and was Director of Merchandise Planning & Analysis for many years, Mark Evans outlined his assessment.