Regarding the announced plans of Borders Group to enter into liquidation, ABA CEO Oren Teicher commented:
“It is jolting news for any community when a bookstore closes, and independent booksellers are saddened to hear that almost 11,000 Borders employees will be losing their jobs. However, we do not believe that the Borders closing is a bellwether for the future of bricks-and-mortar bookstores nationwide. Rather, it is, in part, an unfortunate right-sizing of a bookstore landscape that has suffered from overexpansion in certain markets. ABA is not only bullish on bricks-and-mortar bookselling, but we see opportunities for our current members to expand and for new stores to open. Indie bookstores have cultivated strong ties to the local community, curated hand-picked selections of titles, and leveraged well-designed retail spaces to serve book lovers across the country. The result has been a stable market share in an unstable economy. We are optimistic for our industry and our channel.”
SUPPORT YOUR LOCAL INDY BOOKSTORE!!!!!!!
ABA’s Statement in Response to the Borders Group Liquidation
