The Social Newsroom

Slideshows for Tag: socialmedia

Sunday, July 31, 2011

What Entrepreneurs Can Learn from Borders' Demise

What Entrepreneurs Can Learn from Borders' Demise: "I thought: what a big, luxurious-feeling bookstore…with a coffeehouse inside, too. By 2010, the company had more than 250 stores in the U.S., about 10,000 employees worldwide and sales had mushroomed to $2.3 billion.

Independent bookstores feared the mega-bookstore chain. Wags said it was the beginning of the end of the independent bookstore. And Hollywood even made a movie out of it: Remember Meg Ryan's Shop Around the Corner in the 1998 film You've Got Mail?

My how the mighty have fallen."

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