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Borders Chain Headed for Bankruptcy

The Wall Street Journal is reporting the Borders book store chain is preparing to file for bankruptcy and close at least 200 of its 674 stores, leading to thousands of job losses.

Borders operates one store in the Memphis area – at 6685 Poplar Ave., in Germantown.

Memphis has definitely felt the ripple effects of the change tides of the book industry. The past year has seen the closure of Barnes and Noble and Bookstar stores, as well as the bankruptcy filing of the parent company of Davis-Kidd Booksellers.

An interesting factoid: the owner of Davis-Kidd parent Joseph Beth, Neil Van Uum, used to be married to Mary Beth Borders, a sibling of the Borders founders.

Davis-Kidd, though, is still going strong in Memphis. The company closed its Nashville store but has rallied around its strongest performing locations, including the one in Memphis.

Michael Oher, the central character in the Hollywood blockbuster “The Blind Side” will be at Davis-Kidd Wed. Feb. 16 to sign copies of his memoir “I Beat the Odds.”

Comments

  1. Gerolde says:

    Borders Group also operates the Waldenbooks store at Wolfchase Galleria. As for how much longer their stores in this area will be open… well, we should know that shortly.

Dansette

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