Power Breakfast: Borders shutting down, Atlanta schools, camera surveillance, debt talks, Murdoch

Another chain of book stores is calling it quits.

Borders Group, which had shuttered six metro Atlanta book stores, will shut down its remaining seven locations as part of a company-wide liquidation announced Monday, AJC writer Arielle Kass reports.

The Ann Arbor, Mich., bookseller once operated more than 1,000 stores nationally and had 399 when the move was made to end all operations and lay off 10,700 employees, Kass writes.

Two liquidation firms, Hilco Merchant Resources and Gordon Brothers Group, will dissolve the company, Kass reports.

The move came after a bid fell through from private equity firm Najafi Cos, Kass writes.Creditors and landlords said liquidation was a better deal.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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4 comments Add your comment

President Barack Obama

July 19th, 2011
6:20 am

The stimulus is working … now everyone that wants a job, has a job.

I’m doing a great job!

Viet Vet

July 19th, 2011
6:30 am

This has more to do with Amazon.com than any politician. Turn off talk radio and learn something about the real world.

Bradley

July 19th, 2011
7:46 am

I used to work for Borders and I can tell you firsthand that doing anything that other popular bookstores don’t do was seen as unthinkable. I agree with Vet, you can’t pin this on Politicians. Companies like this survived on the predicate that there are a massive host of people who only care about convenience and immediate gratification. Buying habits have changed.

Bruin

July 19th, 2011
11:49 am

I occasionally went into the Borders in Johns Creek. A nice store but the concept was entirely self-service. Good luck if you ever had a question or needed assistance finding a book. The employees were so indifferent and disengaged it was like being in Home Depot before HD woke up and rediscovered customer service.

So good-bye Borders, and good riddance.