Borders UK closing down

Word of good buys can go a far way, well despite the financial situation of the store actually offering the bargains. Borders UK and it’s current owners and joint administrators are currently working with the company’s management in order to attempt to sell the business as a going concern. Much of Border’s UK operations are winding down as well, and they are no longer accepting orders and transactions through its website. All stores are still open with sales up to 30% all books whilst the financial position of the Company is currently being assessed.

Borders (UK) Limited has 45 stores, 36 trading as Borders and 9 as Books Etc across the UK. They always have this typical trademark style in their stores which I always adore- a humongous store layout with all books unwrapped for browsing, just like a library with lots of browsing/seating areas often with a cafe always nearby. “Borrowing” a book home, well means of course involves purchasing it, but hey there are no due dates right?

It is just sad that they have to go, it will leave a big hole in the retail scene particularly in the small city of Cambridge. Since my visit to the store yesterday, apparently business is real good with about a third of the books already wiped out from the store. Had a chat there with the staff who were really grateful to the mass of people expressing concern on the financial situation of the company. They are all as lost in the state of things now with hope of finding a buyer for the chain of store and saving the franchise here. There is no word of the financial state of Borders in the US or back home in Singapore, but I think the situation is not as bleak as it is here, well or that I know of from home?

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