The End of Borders and the Future of Books

Bad timing and poor management killed Borders, not a lack of interest in physical books.

When Borders declared bankruptcy in February, more than 200 of its 400 outlets were still “highly profitable,” says its final chief executive officer, Mike Edwards. There’s no question that the book industry is in flux, with digital sales last year making up about $900 million of the $28 billion-a-year market and increasing fast. But a sizable portion of the book business is still taking place in actual stores.

11.13.2011Tagged with: