The recent implosion of the Borders bookstore chain
has been a slow-motion collapse, a magnification of the fate that so many small bookstores have gone through in much the same way. The difference is that Borders was so much bigger; the causes and the outcome are mostly the same. People are reading less; those who are reading read more in digital form; competition and cost of inventory have made it difficult to compete; competition with other forms of media are taking up people's entertainment dollars and time. It's not good for the industry, particularly those who do not modify what they're doing to accommodate change. Borders failed to do so.
Image from here
; full text can be found here
Labels: bookseller, borders