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If you are one of the many people who enjoy buying a $4 latte while you shop for $20 book, then this might be sad news for you. Borders Books recently announced that it was ending the deal it had with Seattle’s Best Coffee as the café operators inside the Borders Bookstore. The move is intended to save Borders some money and allow it to [...]
With the news dropping that Borders had officially filed for bankruptcy, Kobo was quick to respond with a reassurance for everyone who bought ebooks from the chain. eBooknewser reports that they even put up a long FAQ on the subject over on the Kobo blog. The FAQ answers many questions, all of which are designed to reassure consumers that Kobo is doing just fine, and [...]
Well it looks like the inevitable has finally happened and after a drawn out process that began at the end of last year when it missed payments to top publishers, Borders Group has filed for Chapter 11 bankruptcy protection in Bankruptcy Court for the Southern District of New York. Publishers Weekly reports that the company has received $505 million in debtor-in possession financing led by [...]
Borders has reported that it was notified by the New York Stock Exchange that it has not been in compliance with the requirement that a company’s stock trade for a minimum of $1 per share over a consecutive 30 day trading period – the chain’s stock closed at just 39 cents on Friday. According to Publishers Weekly, the chain has only six months to get [...]
Borders recently announced a “Low Price Promise,” a new in-store program promising to match a local competing brick and mortar store’s advertised price on items that Borders has in-stock. Just make sure you read the fine print. According to Border’s website, the following restrictions apply to the price matching: The item must be in-stock at Borders You must bring in a printed ad from a [...]
Borders Group recently announced it will open 25 seasonal Borders Express stores nationwide to serve customers during the holiday season. The stores are expected to officially open Oct. 25 and will operate through Jan. 31. Averaging about 2,500 square feet, each store will carry top titles and big new releases, Halloween and holiday-themed items, a selection of kids books, plush and toys as well as [...]
There has been a lot of news coming out of Borders headquarters in Ann Arbor, Michigan over the past few days. On August 31, they issued a press release announcing a new paid rewards loyalty program. They’re keeping the free rewards program, but will now also offer a “Borders Rewards Plus” program for $20 per year. According to Borders: Members of the free, enhanced program [...]
The New Yorker is reporting that the Kobo ereader, sold by Borders, could see a price drop from $149 to $99 by Christmas. Their reporter recently attended a Kobo event and says: I was playing fly on the wall at a company party thrown by Kobo, a.k.a. “The Kindle Killer.” Founded in Canada and now partially owned by Borders, Kobo is perhaps the scrappiest and [...]
Borders launched an ebook store on Wednesday in an attempt to compete with Amazon, Apple, and Barnes and Noble in the increasingly popular ebook market. Borders eBooks offers 1.5 million titles, including over a million free public domain works by authors such as Jane Austen, Charles Dickens, and Bram Stoker. The ebooks are available in ePub format, PDF, or mobile-specific versions. Borders eBooks is powered [...]
