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Borders calling it quits

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July 19th, 2011 at 6:51 AM
#1
JJB2
JJB2's picture
Joined: 01/01/2011
MGoPoints: 326
Borders calling it quits

Even though, it was probably inevitable, this is sad to see.  Ann Arbor will take a hit from this.  Good luck to all those losing jobs.

http://online.wsj.com/article/SB1000142405270230366190457645435376855028...

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July 19th, 2011 at 6:55 AM | Over 400 In Ann Arbor (Score:1)
LSAClassOf2000
LSAClassOf2000's picture
Joined: 01/07/2011
MGoPoints: 8704

Channel 7  ran  the numbers - I was only half-listening as I had just gotten out of bed, but it was something like 10,700 people nationwide, almost 900 in Michigan, and 400 or so in Ann Arbor alone.  Some stores will be shuttered in the next few days, they said. 

"Funny isn't it, how naughty dentists always make that one fatal mistake."

Follow the random tweets of a Michigan alum - http://twitter.com/#!/LorneEC3

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July 19th, 2011 at 11:38 AM | Not really trying to be picky (Score:1)
skunk bear
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Joined: 03/09/2010
MGoPoints: 1969

Not really trying to be picky here, but the coupon program was in part because they had high prices.

Without the coupon program, it would have been a long time since I shopped at Borders.

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July 19th, 2011 at 7:44 AM | As someone with a degree in (Score:4 Normal)
SanFrancisco_Wo...
SanFrancisco_Wolverine's picture
Joined: 11/16/2009
MGoPoints: 2078

As someone with a degree in Library Science, I can assure you that E-books are definately not a fad.  They are gaining ground as the technology continues to improve.  Sure, us old school people like to physically turn the page, but the younger generation has everything digitized.

Barnes and Noble will begin selling E-books in different ways and probably have to make some business plan changes down the road, but right now I don't see E-books legitimately threatening their business model. However, it will down the road.

 

OP, this should have an OT designation as well

Formerly akron_wolverine and columbus_wolverine.  New home, new name.  A year in Columbus was enough.

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July 19th, 2011 at 2:53 PM | Why not? (Score:2 Normal)
goblue20111
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Joined: 10/31/2010
MGoPoints: 1503

Why not?

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July 19th, 2011 at 5:22 PM | Bah humbug (Score:2 Underrated)
mi93
Joined: 11/15/2008
MGoPoints: 393

If I have to look at one for god forsaken screen...

The problem with our tech savvy young folks is that few of them know how to interact with the people.  Um, that's a problem.

Give me the weight of a novel any day.  And yes, I do yell at the neighboorhood kids to get off my lawn.

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July 19th, 2011 at 8:28 AM | I think they will eventually (Score:2)
aaamichfan
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Joined: 10/23/2009
MGoPoints: 14217

I think they will eventually replace books, but do you even believe that it will happen in the near future?

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July 19th, 2011 at 11:12 AM | It is happening quickly. (Score:1)
bluebyyou
Joined: 09/07/2009
MGoPoints: 2682

It is happening quickly.  What surprises me is that I see many older people with Kindles or Ipads. Look at what has happened with newspapers....dying out all over the place (along with good investigative journalism).  Ditto for pagers...technology marches on.

I can see huge advantages for school systems, assuming kids have a viewing device. You could greatly reduce the costs of textbooks.

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July 19th, 2011 at 6:24 PM | Are you sure the textbook (Score:1)
skunk bear
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Joined: 03/09/2010
MGoPoints: 1969

Are you sure the textbook prices would go down?

Or would the textbook prices stay the same and the profitability of the textbooks go up.

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July 19th, 2011 at 7:38 PM | Really? (Score:2)
Blazefire
Blazefire's picture
Joined: 04/17/2009
MGoPoints: 15738

Price gouging? I am SHOCKED!

For the record, should schoolbooks go E, I would demand there be regularly supplied updates for each purchased "copy". If I buy a US history book in January 2015, by December 2015, I want 2015 US history in the book.

"This is the EMU game, not the emo game."
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July 19th, 2011 at 8:43 AM | Slightly OT (Score:2 Insightful)
Lets_Go_Blue
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Joined: 10/06/2010
MGoPoints: 1759

I wish they would do books like they do movies. I don't always want to bring my kindle (out to the public pool, for example) so I would love if they did a free digital copy for your kindle/nook/ipad when you purchase a hard copy. Buy the hard copy of the book, and you get one free download of the book to an e-reader.

Football is both an identity and a terminal illness. A rhythm and a chaos and an opiate for the mind all at once.

     -Johnny Danbury (umichedme.blogspot.com)

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July 19th, 2011 at 12:58 PM | That would be awesome for (Score:1)
08mms
Joined: 07/02/2009
MGoPoints: 1683

That would be awesome for display-type books as well. I'd love to have a set of the Harvard Classics on the bookshelf by my fireplace, but I'd prefer to actually read them on the train on the way to work on my kindle.

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July 19th, 2011 at 8:23 AM | Not a fad (Score:1)
Baldbill
Baldbill's picture
Joined: 04/09/2009
MGoPoints: 2002

I love reading books and have collected lots of books over the years. Of all the things that I have gotten rid of over the years, I couldn't get rid of books...until last Christmas I got a Kindle. It is a great thing, if anything is fading it is the old school book. The ebooks are growing and will replace paper ones at some point in the future.

 

Semper Fidelis

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July 19th, 2011 at 10:26 AM | Reading from your Kindle app (Score:2)
wile_e8
wile_e8's picture
Joined: 06/30/2008
MGoPoints: 2505

Reading from your Kindle app on your phone while rocking a napping 4-month old in one arm >>>>>>> Reading a book while rocking a napping 4-month old in one arm

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July 19th, 2011 at 7:40 PM | Not phone (Score:2)
Blazefire
Blazefire's picture
Joined: 04/17/2009
MGoPoints: 15738

Ugh, my eyes are strained enough already. When I get one, it will be the kind that LOOKS like ink on paper, and is just as easy on the eyes.

"This is the EMU game, not the emo game."
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July 19th, 2011 at 8:47 AM | E-books are (Score:1)
Tater
Tater's picture
Joined: 08/13/2008
MGoPoints: 10353

Borders learned the hard way that people want to 

 

 

 

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July 19th, 2011 at 9:41 AM | Yeah, tell that (Score:4 Normal)
M-Wolverine
M-Wolverine's picture
Joined: 10/04/2009
MGoPoints: 38747

To your local record/tape/cd stores....



Because no one will ever want to give up vinyl.

"I love him, he's a great coach, he's a great mentor, he's a great friend. He's every single thing you want a college coach to be, and he does it flawlessly." -David Molk

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July 19th, 2011 at 10:58 AM | Have you tried using a (Score:1)
08mms
Joined: 07/02/2009
MGoPoints: 1683

Have you tried using a Kindle? I was a devout "books are irreplacable type" until I got one a gift and started playing around with it. The ease, conveniency and immediacy of a Kindle are just irresistable once you get a taste.  Everyone will likely still buy coffee table books or hardcovers of their favorites for living room display, but denying the potential of eBooks were like all those commentators saying printed newspapers would never be replaced because people liked the tactile feel with their morning coffee. 

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July 20th, 2011 at 11:17 AM | I agree.  I have an early (Score:1)
Feat of Clay
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Joined: 08/10/2009
MGoPoints: 2865

I agree.  I have an early Kindle and I really didn't use it a lot for the first year or two.  Now that my books are also synced with the iPad and iPhone, the KIndle feels more convenient.  Any book I buy for my kindle, I really can read ANYWHERE (except the shower. I guess) thanks to the multiple platforms.

 

Candace: No... That why they make smart word box for tell monkey hard brain-hurty things.
Phineas: Removing prepositions makes it more condescending.
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July 19th, 2011 at 7:50 AM | Barnes and Noble will be fine (Score:1)
dennisblundon
dennisblundon's picture
Joined: 02/23/2010
MGoPoints: 6630

Barnes and Noble will be fine because the soul less pricks bought up the rights to sell many of the colleges textbooks to students. So when you pay $200 for a book and sell it back for $40 they win twice. I hope and anticipate college text books to be obselete in the near future as well. With the rising cost of tuition, they have to or need to give you a break somewhere.

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July 19th, 2011 at 8:16 AM | In my day most of my (Score:3 Normal)
Seth
Seth's picture
Joined: 10/14/2008
MGoPoints: 48268

In my day most of my professors made us buy from Shaman Drum, which jacked up the price even further, in an attempt to keep that place alive.

Now it's a Five Guys. Good to see the scratch I could put together by flippin' pizzas and moving convention equipment to pay $150 for the professor's useless book on witchcraft went to a good cause.

I always loved the smell of Borders, though I bought into the corporate behomoth crap back in college. The upside is books are cheaper these days. I've spent less than $50 this year on new books reading digitally.

(Blogger alias: "Misopogon") This team is under construction. We thank you for your patience.

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July 19th, 2011 at 8:56 AM | I bought books from Shaman Drum a few times. (Score:2 Normal)
BlueDragon
BlueDragon's picture
Joined: 11/14/2010
MGoPoints: 16707

Thanks, Michigan humanities/garden-variety sciences, for making us buy our books from a hipster, overpriced store, and not making the books available anywhere else.  I was glad when the Drum went under.

Abort, Retry, Fail?

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July 19th, 2011 at 9:41 AM | I was glad when the Drum went under. (Score:4 Normal)
Don
Don's picture
Joined: 06/30/2008
MGoPoints: 19189

I never had to buy a textbook there (graduated before Shaman Drum was created) so I don't have your beef with them. They carried a large number of interesting books that the mass retailers wouldn't touch, and I was disappointed to see them close shop.

I agree that like so much everything else with higher education, textbook prices are completely insane and students get cornholed coming and going. It was unwise for UM profs to require students to buy expensive books from SD, if they were available elsewhere.

It's nuts that there now isn't a single real bookstore near the campus of one of the world's leading educational institution. I think Borders sealed its own fate when they sold out to Kmart in 1992. Kmart didn't know shit from shinola about the book trade, even after acquiring Waldenbooks several years earlier, and most of the senior Borders management quit when Kmart made the purchase. Before long Kmart sold off Borders, but by then I think the gradual process of decline was in motion.


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July 19th, 2011 at 10:05 AM | The Drum treated students (Score:5 Normal)
CRex
CRex's picture
Joined: 09/28/2009
MGoPoints: 8727

The Drum treated students horribly.  They had poor planning for moving massive numbers of kids through the upstairs and refused to let us carry laptop satchels in for fear we'd shoplift.  I remember standing on the stairs for 45 minutes, getting up there and ending up leaving is disgust.

All I can say to that is treat me like a criminal and you don't get my business.  I went in for a burger on the grand opening of Five Guys for a victory burger.  It has to rot the old owner's soul that a chain burger store now occupies the space.  At least I hope it does.

(Yes I'm a bit vindicative.)

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July 19th, 2011 at 11:02 AM | Exactly.  While a generally (Score:1)
08mms
Joined: 07/02/2009
MGoPoints: 1683

Exactly.  While a generally like quirky independent bookstores, that hellish experience guaranteed I would never go back in for casual browing.

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July 19th, 2011 at 12:34 PM | Don't forget their ridiculous (Score:3 Normal)
Bando Calrissian
Bando Calrissian's picture
Joined: 07/02/2008
MGoPoints: 7911

Don't forget their ridiculous return policy.  If you had the misfortune of having to drop a class 4 days after you bought your books there, enjoy your 200 dollars worth of full-price textbooks.  Which you could sell back for about 10.  And don't think that you could have just gone in and written down what the books were (or, God forbid, TAKEN A PICTURE!) with the hawkish staff staring you down and stopping you from doing so.  After all, profs gave Shaman Drum the book lists ahead of time, but never us students.  

I feel bad in theory for Shaman Drum as an independent book retailer, but not in reality, because it was just such a sham.  You gotta love how the owner publicly rallied against book lists being made public to students ahead of the first day of classes solely because it shot down his exclusivity.  

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July 19th, 2011 at 12:42 PM | Even better--Shaman Drum once (Score:3 Normal)
M Fanfare
Joined: 08/17/2008
MGoPoints: 1555

Even better--Shaman Drum once ordered the wrong book for one of my classes (one of five for that class) and by the time the professor had given us the list so we could see the mistake they wouldn't allow us to exchange the books or sell them back. Because they fucked up and sold us the wrong book, we ended up saddled with a useless $50 book AND still were on the hook for the correct book which came in later. Fuck Shaman Drum. I was so happy when they shut down.

Hail to the college whose colors we wear,

Hurrah for the Yellow and Blue!

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July 19th, 2011 at 11:03 AM | Isn't there kind of a Barnes (Score:2 Normal)
08mms
Joined: 07/02/2009
MGoPoints: 1683

Isn't there kind of a Barnes in Nobles in the Union basement now?  Or is that closed down now as well?

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July 19th, 2011 at 11:12 PM | It was there a year or so (Score:1)
Tully Mars
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Joined: 07/20/2008
MGoPoints: 1259

It was there a year or so ago, it's one the B&N college book stores.  So not a normal B&N.  As mentioned above, B&N has that market cornered.

'M-Burns', I'll never have better facial hair than this...

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July 19th, 2011 at 1:06 PM | Witchcraft! (Score:1)
ypsituckyboy
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Joined: 06/22/2009
MGoPoints: 1462

Did you take the History of Witchcraft with the prof that looks like Obama? That class was awesome!

The Classic Civ Deptartment has some of the best classes in the University. Second only to Witchcraft was my Greek Myth class taught by Verhoogt.

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July 19th, 2011 at 9:55 PM | naw, my class was a lady who (Score:2)
Seth
Seth's picture
Joined: 10/14/2008
MGoPoints: 48268

naw, my class was a lady who wanted to make the Salem Witch Trials about the suppression of women, and only the suppression of women. When she taught anything but her book she put the class to sleep. However there was a theory someone had in the coursepack that was MGotacular -- the guy traced where the victims lived versus where the accusing families lived and there was a clear delineation between the uber-religious town and the victims who served the road to Boston.

(Blogger alias: "Misopogon") This team is under construction. We thank you for your patience.

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July 19th, 2011 at 11:01 AM | I can't imaging a lot of (Score:1)
08mms
Joined: 07/02/2009
MGoPoints: 1683

I can't imaging a lot of those textbooks aren't going to move over to cheaper eBooks in the near future.  You can already get most books for English/Classics type classes for free or dirt-cheap digitally and this in year in law school I was able to get about half of my books for far cheaper on Kindle (albiet w/out the ability to attempt to resell them before new editions destroyed there value).  As I remember, in my last year at Michigan some of the engineering profs were giving students books as PDFs somehow.

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July 19th, 2011 at 11:06 AM | Are you able to highlight/make notes (Score:1)
Urban Warfare
Urban Warfare's picture
Joined: 09/28/2010
MGoPoints: 1146

in e-books?  I can't imagine law school without being able to book brief.

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July 19th, 2011 at 11:20 AM | Yea, you can. (Score:1)
justingoblue
justingoblue's picture
Joined: 11/16/2010
MGoPoints: 10854

I wish I was a freshman again, I would have saved a lot of money (and knew the texts better) if ebook technology was three years ahead. As a senior this year I wouldn't recoup the cost of buying a Kindle/Nook/iPad, but if I was going through college again it would definitely be worth it.

Go Blue!

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July 19th, 2011 at 9:41 PM | You can make notes and you (Score:1)
Jinxed
Joined: 09/15/2009
MGoPoints: 267

You can make notes and you can also instantly search for keywords in the text. Jesus... I can only imagine all the hours I would have saved had ebooks been an alternative when I studied Medicine.

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July 19th, 2011 at 11:39 AM | There's also the added (Score:1)
goblue20111
goblue20111's picture
Joined: 10/31/2010
MGoPoints: 1503

There's also the added benefit of having to carry one small Kindle or whatever you're using as opposed to those big lawl school books. 

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July 19th, 2011 at 8:17 AM | Ohio State Inception (Score:5 Normal)
Hoke Saves Lives
Joined: 07/19/2011
MGoPoints: 357

Hey Guys, I know this is unrelated/off-topic but I just recently joined and I wanted to post a topic related to a video I made.  If anyone could help me out I would appreciate it.  The link is a parody of the Ohio State scandal using the Inception movie trailer.  

Here's the actual link to YouTube:  http://www.youtube.com/watch?v=nH1jeePj80A

Just so you know I'm not trolling, I posted it on Maize 'n Brew already.  Here's that link for verification:  http://www.maizenbrew.com/2011/7/19/2282663/ohio-state-inception-parody

Thanks in advance.

"Our mind-set and our goal was to get guys who were going to represent Michigan and Michigan football." - Brady Hoke

Full Video List: http://www.youtube.com/user/thefauxcreative

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July 19th, 2011 at 10:14 AM | Wait, so how did you get 300 (Score:0 Overrated)
Moleskyn
Moleskyn's picture
Joined: 06/28/2010
MGoPoints: 3179

Wait, so how did you get 300 points in one day? Did you hold Tim at gunpoint and demand 300 points?

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July 19th, 2011 at 8:23 AM | Oh nose. :( (Score:1)
DIABEETUS
DIABEETUS's picture
Joined: 09/29/2009
MGoPoints: 2310

Oh nose. :(

Michigan: 903–315–36 (Best in NCAA)
vs Ohio State: 58-44-6
vs Notre Dame: 23-16-1
vs MSU:  68-32-5
vs B1G: 522-197-24
vs SEC:  20-8-1
vs PAC 12: 48-24-1
vs Big 12: 10-5-1<

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July 19th, 2011 at 8:27 AM | More than beveled guilt (Score:1)
Canada loves Sh...
Canada loves Shoelace's picture
Joined: 05/16/2011
MGoPoints: 258

for every book I bought from Amazon instead of supporting the local guy.  Damn property values in Ann Arbor about to take another dive.

Anyone know how many Borders employees there are in Ann Arbor?

Keep your stick on the ice.

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July 19th, 2011 at 10:14 AM | OP says 400. (Score:1)
DIABEETUS
DIABEETUS's picture
Joined: 09/29/2009
MGoPoints: 2310

OP says 400.

Michigan: 903–315–36 (Best in NCAA)
vs Ohio State: 58-44-6
vs Notre Dame: 23-16-1
vs MSU:  68-32-5
vs B1G: 522-197-24
vs SEC:  20-8-1
vs PAC 12: 48-24-1
vs Big 12: 10-5-1<

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July 19th, 2011 at 11:16 PM | That number is about right (Score:1)
Tully Mars
Tully Mars's picture
Joined: 07/20/2008
MGoPoints: 1259

That number is about right (quite low compared it it's high of about 1500 7ish years ago).    First round of layoffs will occur next Friday (7/29).  I'm not sure how long until everyone is gone, but probably under 2 months.

 

My wife works there, though I'm in Cincinnati for a postdoc, so I can't really say I'm quite as sad about them closing because she'll get to move down here with me!  If only we can find her a good job down here...

'M-Burns', I'll never have better facial hair than this...

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July 19th, 2011 at 9:15 AM | A shame. (Score:1)
skunk bear
skunk bear's picture
Joined: 03/09/2010
MGoPoints: 1969

A shame.

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July 19th, 2011 at 10:18 AM | I know its a relic of the past (Score:1)
detrocks
Joined: 08/18/2010
MGoPoints: 731

But I loved going to the Borders here in Chicago.   It was great just spending time wandering up and down the aisles looking at books from authors I hadn't read, picking up something that I might never have seen before, listening to authors speak there.   I've adopted e-book readers because of the convenience, but it's definitely not the same as sitting with a good paper book.

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July 19th, 2011 at 10:22 AM | question (Score:0)
dRich
dRich's picture
Joined: 04/01/2011
MGoPoints: 80

Can you put text books on E Readers?

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July 19th, 2011 at 2:09 PM | (Score:2)
SAvoodoo
SAvoodoo's picture
Joined: 01/10/2010
MGoPoints: 3237

yes, I have all my books on my nook at a fraction of the weight

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July 19th, 2011 at 10:33 AM | I loved going to the State (Score:1)
asquared
asquared's picture
Joined: 06/30/2008
MGoPoints: 431

I loved going to the State Street store as a kid in the 70's, then they blew up and somewhere around the K-Mart buyout they lost me.

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July 19th, 2011 at 11:16 AM | Serves them right. (Score:2 Insightful)
Nothsa
Nothsa's picture
Joined: 10/07/2008
MGoPoints: 503

In the 90's Borders ravaged independent bookstores across the country. Their strategy was to open a store just down the street from a successful local shop and use their distribution channels to keep prices low, and just siphon customers. What Walmart did to downtowns across America, Borders did to book shops.

Thousands of former bookstore owners, employees, and customers are enjoying some schadenfreude today.

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July 19th, 2011 at 11:31 AM | Ebooks are the future.  (Score:1)
deadlift425
deadlift425's picture
Joined: 11/24/2009
MGoPoints: 75

Ebooks are the future.  Tablets and Kindles will only continue to climb in sales!!!

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July 19th, 2011 at 11:35 AM | maybe (Score:2)
Wisconsin Wolverine
Wisconsin Wolverine's picture
Joined: 05/18/2011
MGoPoints: 1570

while the demand for books in print is decreasing, I feel like it will never reach zero ... perhaps the print book will relegated to a small, niche role, but it seems far-fetched to imagine that it will ever truly become extinct.

& so it would follow for book stores, too - maybe big chains can't stick around, but there ought to be demand enough for little shops here & there ...  then again, I know nothing about economics (I regret not taking more econ classes).

the bigger question I ask myself from time to time is: who does advancing technology benefit most?  this seems to be an example of a new technology (e-readers & digital format texts) resulting in convenience & affordability for consumers, more profit for corporations, but fewer jobs for the masses.

mgoblog community, you are a pretty clever group - please feel free to teach me anything useful on this topic.

edit: typos

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July 19th, 2011 at 12:22 PM | Re: economics. (Score:1)
justingoblue
justingoblue's picture
Joined: 11/16/2010
MGoPoints: 10854

AFAIK books require economies of scale to be profitable. If placing an order at a publishing house for a new, say, John Grisham book costs $5 per book when 1m books are ordered, that cost would skyrocket if 1,000 books were ordered. Then you have a situation where nearly everyone has an ereader of some kind, Amazon will sell the ebook for $10 and the book at the local bookstore costs $50. Obviously that's a very elementary example with made up numbers, but the idea is there.

Go Blue!

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