From Anime News Network
The Wall Street Journal is reporting on Monday that the U.S. bookstore chain Borders will liquidate after receiving no other bids to buy out the company. Borders currently has 399 stores still open, and employs approximately 10,700 people. According to the article, liquidation of the stores could start on Friday. Borders Group Inc. said it expects to be completely out of business by the end of September.
This is a big blow to the North American manga industry. Manga was able to grow in popularity in large part due to the large section provided by borders. Cant tell you how many times I walked into my local Borders seening numerous kids and adults buying manga.Borders Group President Mike Edwards said in a statement, "we were all working hard toward a different outcome, but the head winds we have been facing for quite some time, including the rapidly changing book industry, eReader revolution, and turbulent economy, have brought us to where we are now.
A sad day indeed.