One of my favorite book biz bloggers is Terry Cordingley, who tells it like it is. Here’s his take on the Borders demise. As a publisher, I morn the loss of an important book retailer that had a lot of reach. We found them good to work with, especially on a local level and they hosted many book events for us. I can only hope that indie bookstores grow and thrive as a result, but the short term results are going to be hard on both publishers and authors. ~CHU
Why Borders Failed
By Terry Cordingley
Borders finally made it official: it is closing all of its remaining stores and laying off its 11,000 employees. Customers, publishers and authors are mourning the loss.
Unfortunately, this news doesn’t really come as a surprise. In fact, I predicted Borders would fail and go out of business during a staff meeting three years ago. Not many people at the time argued with me. It was obvious that they were doing so many things wrong.
Many people will probably try to blame the fact that readers are flocking to ebooks, but that is only part of the picture, and I’m not convinced it is largely responsible for the failure of Borders. In fact, I think Borders would have failed even if ebooks didn’t exist.
Posted by carolynhayesuber

