There will be no storybook ending for Borders Group Inc. The 40-year-old bookseller could start liquidating its 399 remaining stores as early as Friday.
The chain, which helped pioneer the big-box bookseller concept, is seeking court approval to liquidate its stores after it failed to receive any bids that would keep it in business. The move adds Borders to the list of retailers that failed to adapt to changing consumers’ shopping habits and survive the recession, including Circuit City Stores Inc., Mervyns and Linens ‘n Things.
It was useful to have the stores handy to my various jobs, over the years; and before online shopping became ubiquitous they really were the best option for people looking for a wide and reliable selection. Certainly they were more reliable than the small bookstores, which big-box chains largely barreled over with about as much consideration as flailing big-box chains are getting from online vendors now. I should also note, gently, that many of those online vendors can be traced back to individuals and companies that had their original business model destroyed by big-box retailers in the first place.
And so it goes.
Full disclosure: I am an Amazon.com Affiliate.