Sad, but inevitable, I suppose. Lot's of large, prime spaces about to become available.
The one a block from me is open, but the space has been marketed for lease for a while now.
Another industry that dismissed the power of the Internet. Can't imagine how many Borders have been built as stand-alones, or anchors of a shopping center, in the past 15 years. The one near us at the mall seems to do quite well, but who leaves their house anymore with the specific thought of "I'm going to the bookstore"?
I wonder what will happen to all those retail spaces. There's a huge two-story old Borders building in Phoenix that's been vacant for ages. Gorgeous space, but it has to be a bitch to try and sell or rent something that size in the current economic climate.
Barnes and Noble bricks and mortar can't be doing well either. The one near me, built about 15 years ago, has large swaths of empty space in the store. It seems they also push a lot of cheap junk - whether that be crap toys and games to oversized photo books no one wants. All of their CDs and DVDs are ridiculously overpriced in terms of what you can find at the big box stores or online. Don't know much about their in-store cafe since I utilize the one a few doors down.
Read More: Borders to Declare Bankruptcy
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