#LBF11: Waterstone’s to Close 200 Shops in the UK?

In Global Trade Talk by Roger Tagholm

*+-By Roger Tagholm LONDON: A shadow hangs over the aisles this year and if it’s not made up of volcanic ash this time, the consequences could be even more worrying for British publishers. The shadow is called Waterstone’s whose fate is of concern to almost everyone at Earls Court. At the moment, the chain’s founder Tim Waterstone and his Russian investor …

With UK Print Book Sales Falling, Can E-books Close the Gap?

In English Language by Roger Tagholm

*+-E-book sales accounted for just 1% of the UK book market in 2010, but are expected to boom in 2011 — growth that might be offset by cheaper prices. By Roger Tagholm British consumers bought fewer books in 2010 than 2008 -– down from 344m to 339m -– and the amount spent fell from £2,341m to £2,183m. E-books accounted for …

Is Borders Guilty as Charged?

In English Language by Guest Contributor

*+-By Philip Downer In this exclusive essay for Publishing Perspectives, Philip Downer, the former CEO of Borders UK, discusses whether Borders’ management really is to blame for the company’s bankruptcy. The dust is quickly settling on the story of Borders bookstores bankruptcy in the United States, and, for the commentariat, Borders is now a business that was always bound to …

Who Gets Hurt Most By Borders’ Bankruptcy?

In Discussion by Edward Nawotka

*+-Thousands of out-of-work booksellers, indebted publishers, smaller mid-list print-runs, fewer book reviews . . . the long-term repercussions of Borders’ bankruptcy are unpleasant to contemplate. By Edward Nawotka In today’s story, Philip Downer, former CEO of Borders UK examines why Borders went bankrupt. As someone who grew up outside Ann Arbor, Michigan, I was always a little proud to point …

What Would You Do to Save Borders?

In Discussion by Edward Nawotka

*+-By Edward Nawotka It always seems like drama surrounds the big digital publishing conferences. In January 2010, attendees at the first annual Digital Book World eagerly awaited the announcement of the iPad. This year at Tools of Change in New York people have greeted the official announcement that Borders Book Group has filed for bankruptcy with a variety of reactions, …

Borders Bookstores Bankruptcy News Roundup

In Global Trade Talk by Hannah Johnson

*+-By Hannah Johnson The Borders Group filed for Chapter 11 bankruptcy on Wednesday and will receive $505 million in Debtor-in Possession (DIP) financing. According to the press release, Borders will continue “serve customers in the normal course” but will close approximately 30% of its retail locations under its Store Reduction Program. Publishers Weekly reports that Borders owes millions of dollars …

Barnes & Noble: From Thug to Love

In Editorial by Edward Nawotka

*+-Editorial by Edward Nawotka For a long time Barnes & Noble, the United States’ largest bookstore chain, was the bully of bookselling. B&N was the bookseller whose massive expansion into superstores in the ’80s and ’90s was seen as the catalyst for the closure of numerous independent booksellers across the country. They were the booksellers who absorbed much beloved small …