Book Blog at ReadersRead.com
readersread.com

Homepage
RSS Feed
Search



Search
 
Web readersread.com


Borders UK May Be Facing Bankruptcy

In an ominous sign for the bookseller, Borders UK has stopped taking orders for advance books and the website has shut down.
Fresh fears were raised over the survival of High Street bookseller Borders today after its website closed to trading, staff at stores said they had been told to stop accepting advance orders, and at least three distributors severed links with the retailer. Borders, which also has the Books Etc brand, was thought to be in discussions with rivals including Waterstone's-owner HMV about selling the business, but concern is now growing that the retailer is on the brink of collapsing into administration. Customers trying to buy a book on Borders' website got the message "Sorry, title cannot be purchased" this morning.

In stores, including its 11 London branches, staff were telling shoppers that Borders was not accepting orders "due to a problem with [its] wholesalers". At least two of the UK's biggest book firms, Stephen King's publisher Hachette UK, and Random House, which brings Dan Brown's titles to market, have cut off trading with Borders UK. Random House's distributor said it had "immediately stopped Borders UK Ltd and Book Etc accounts" after the bookseller blocked a payment.

Another major group, the Independent Alliance, which represents some of the country's biggest independent publishers, including London-based Faber & Faber and Profile Books, has also stopped trading with Borders, which means it faces a dearth of important releases in the run-up to Christmas.
At this rate we'll be out of booksellers entirely before the decade is out. We certainly hope that Borders UK finds a white knight to save it.

Tags: borders-uk | borders-books | borders-uk-closing

Posted on November 24, 2009
Permalink| | | Comments (View) | |





blog comments powered by Disqus

The Writers Write
Lifestyle Network


Bloggers Blog
Crafters Craft
Drivers Drive
Fantasy SF Blog
Gamers Game
Health News Blog
HowToWeb.com
The IWJ Blog
Lovers Love
Media Cynic
Petosphere
Pleasant Morning Buzz
Readers Read
Science News Blog
Shopping Blog
Singers Sing
Sportosphere
Surfers Surf
Traders Trade
Video Nacho
Watchers Watch
Workers Work
The Write News
Writer's Blog









www.readersread.com

Copyright © 1997-2010 by Writers Write, Inc. All Rights Reserved.