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Thanks, bob12403. Didn't see this limitation. Looks pretty straightforward and blanket. If "Everything is on sale", then it's "No coupons" for everything. Hope those "going out of business sales" eclipse the coupons. Fortunately, I'm at the other end of the country at the moment, and the nearest Borders survives, so the 33% coupon will work.
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Is there a general geographic pattern to the store closures? Are they hopscotching around among locations for whatever their reasons or does it look like clusters, or even whole regions?
As for leases, could be wrong, but I think with the Chapter 11 filing, all their leases are up for negotiation, with Borders able to get out if the landlord balks at taking a significant "haircut." |
40% any one item through 3/7
online coupon code - BLW6742R
printable coupon here in my experience, the reorganization has resulted in store closures, but borders.com and stores that are not closing continue to operate as before (accepting gift cards, coupons & borders bucks). edited to add: kipper's comment and a little further research suggests that it's not clear whether borders.com is honoring its point/cashback commitments, although i personally did receive borders bucks for purchases made both before and after the bankruptcy filing. |
Originally Posted by crabbing
(Post 15973382)
in my experience, the reorganization has resulted in store closures, but borders.com and stores that are not closing continue to operate as before (accepting gift cards, coupons & borders bucks, and awarding bigcrumbs cashback).
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Originally Posted by Firewind
(Post 15895712)
Thanks, bob12403. Didn't see this limitation. Looks pretty straightforward and blanket. If "Everything is on sale", then it's "No coupons" for everything. Hope those "going out of business sales" eclipse the coupons. Fortunately, I'm at the other end of the country at the moment, and the nearest Borders survives, so the 33% coupon will work.
Visiting the next - surviving - store in downtown Boston, employees said none of their people had gone over to staff the closing store, and none of that store's former employees had come to work at the surviving store. This probably isn't surprising readers here. itsme, it's a fairly commonly held view among employees (four, at three stores) that corporate had to close stores, so they chose to take the number of stores to reach the number that they needed by taking a certain number from each geographical area/city, to maintain a presence. Thus, a store that had to close in city A might have performed better than a store that survived in city B, but corporate needed a certain number of stores. Probably makes business sense, after all. But there's a good bit of strategic judgment in going against the rejected business case (the numbers). I don't feel confident re the fate of the surviving Borders if the closures are for the expressed/implied reason. And as I walked by the still-vacant place where a similarly huge closed Barnes & Noble used to be in downtown Boston, I got thinking that there's not a lot of reason for confidence that more of this won't happen to them. That is, unless news breaks that there were other reasons for Borders's fate. Then again, I guess this is blah blah blah, given what happened to their stock. If you're observing a closure, have I missed anything or got anything wrong? |
The ordered collapse
"28 more stores"* announced in-house 3.19.11, and the signs went up today. The one where I shop in San Rafael, CA, among them. (My above posts have been about the one in Boston's Back Bay.) The place where they have kept trying to sell me the upgrade, and I say no, and they say, "May I ask why not?" I hesitate, and they say, "Our store's very profitable, and they told us, 'No way.'"
None of those people are there today, and the Seattle's Best is cordoned off. Who was it, Cassandra, who said, "I have seen the future, and can do nothing about it"? :( :( :( :( :( * per a manager. |
Originally Posted by itsme
(Post 15883870)
...they plan to sell off their own inventory rather than look to liquidators to do it for them...
I also saw employees numbering and taping lined slips on each bookcase - something I didn't see the first round in Boston, though I could have missed it while here on the best coast. ***************** BTW, I do see the 33% off coupon banner to the right-- just like the one I left on the table today. |
Looking at the store locator page for my next available shot to use this weekend's 40%-er, it looks like the only stores that will be left standing in the whole Bay Area are one (!) in SF proper and one in Emeryville. So much for the "presence" hypothesis above.
And now that the finale is in sight, unless Barnes & Noble does things very differently with their finances, I can't see how their apparently similar business model can survive (huge rented footprint, huge inventory, extremely elastic demand, not necessarily in this order). |
The Borders nearest to me is going out of business. I went in today and bought a couple booke. At checkout I was given a 50% off coupon to be used on one item at an open store. Valid until May 7th. I think this is sort of a last hurrah, since they said this store will be closed by the end of the week.
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Three out of four Borders stores have closed/are closing in my area. Not one of the three stores organized the selling off of inventory in the same way. The first Borders store that closed excluded from the sell-off all Penguin books and magazines. The second and third store discounted magazines at 40% from day one of the announcement. However, store two discounted red tagged "sale" books to $1 each, whereas store three gave an additional 10% off red tagged books. All stores refused borders coupons, and I have yet to see any of my purchases at the sell-off credited to my rewards card. Hmmm.
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40% any one item through 4/18
online code: BJF0427Y
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40% off any one item through 5/16
online code: BUA8091F
printable coupon for in-store here alas, the glory days of using borders gift cards to buy borders gift cards through bigcrumbs (4.8% cashback!) are gone. it was extra fun when i found out that gift card purchases earned borders bucks too, but i knew that could never last. |
As the announcement has just been made that the last light in Boston will go out next month, employees are hearing that it's all down to lease negotiations. "Thirteen stores will close in this wave, 51 are on the line if they can't get serious breaks on their leases. This leaves 300-something Borders stores". Same line is given in Santa Rosa, CA: "The reason that the last bunch closed, even though they were told they (employees re their own stores) were very profitable, and wouldn't close, was because the landlords wouldn't budge.
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20% "most items" in your purchase*
http://www.bordersmedia.com/coup/201...id=SL_20110712 Code for online is BVK9537T *Any item with a current price lower than 20% off list price will ring at the lower price.Valid 7/12/11 through 7/14/11 |
It's over
NEW YORK (CNNMoney) -- Borders Group will liquidate its remaining assets after efforts to find a buyer fell through, the bookstore chain announced Monday.
The nation's second largest book seller, which filed for bankruptcy protection earlier this year, currently operates 399 stores and employs approximately 10,700 workers. The liquidation process is expected to start as soon as Friday, pending bankruptcy court approval, Borders said in a press release. http://money.cnn.com/2011/07/18/news...s_liquidation/ |
Originally Posted by bob12403
(Post 16752285)
NEW YORK (CNNMoney) -- Borders Group will liquidate its remaining assets after efforts to find a buyer fell through, the bookstore chain announced Monday.
The nation's second largest book seller, which filed for bankruptcy protection earlier this year, currently operates 399 stores and employs approximately 10,700 workers. The liquidation process is expected to start as soon as Friday, pending bankruptcy court approval, Borders said in a press release. http://money.cnn.com/2011/07/18/news...s_liquidation/ |
According to two emails I received this morning, Borders WILL honor their gift cards during the liquidation sale, and will honor their Bonus Bucks (or whatever they are called) until July 31.
Sale starts today! |
We'll be heading over to our local Borders tonight to check it out. It'll be great to get some good deals, but a bummer to have the store closed. It was a favorite stop when we had extra time before dinner or seeing a movie.
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Usually there aren't really great deals during liquidation sales. Just be aware than 40% off doesn't mean it's a great deal.
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Originally Posted by pWei
(Post 16782379)
Usually there aren't really great deals during liquidation sales. Just be aware than 40% off doesn't mean it's a great deal.
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At the closing Borders I've observed, the markdowns usually start at 20%, give or take, and progress upwards (downwards?) as time passes, Filene's Basement-style. The ones I've actually observed have had slow deaths. There have been others I've seen from the outside that closed quickly, and probably didn't go through the above throes.
They're encouraging their e-book participants to migrate theirs to Kobo. Maybe this already is hereinabove, but I just got the email on 25 July. They offer this link, which doesn't take you all the way "home", but may be useful: http://www.borders.com/online/store/...id=SA_20110725 Borders, despite being the doomsayer that I have been here, you have been very very good to me. God bless all those employees. :(:(:(:(:( |
what is a good deal are the 40% off the magazines, I picked up two college football magazines for $10 but all magazines were 40% off
I was going to buy a couple of baseball books at 20% off but I'm going to gamble and wait that they will still be there in a couple of weeks at a bigger markdown I went to the IAD borders on my way out of town Monday and it was only 10% off max and not even on everything, I sure didn't stay there long |
Originally Posted by TrojanHorse
(Post 16809404)
I was going to buy a couple of baseball books at 20% off but I'm going to gamble and wait that they will still be there in a couple of weeks at a bigger markdown
Friday afternoon, I stopped by, saw the magazines were 40% off and all the books were 10-20% off. Literally 50 people in the check out line :rolleyes: Sunday afternoon, I stopped by to see if the percentages had changed. They had NOT. However, it looked like at least 30% of the inventory had been sold :confused: I couldn't believe people rushed in to buy things with only 10-20% off, but they did (at least at my local store). Good luck tho! |
Originally Posted by kipper
(Post 16782946)
Exactly, because they've raised the prices back to original prices, so no discounts except for the % off. Likewise, up to 40% off doesn't mean everything is 40% off, just select items.
Borders.com still has fantastic deals on used books. |
Originally Posted by pWei
(Post 16822184)
Borders.com still has fantastic deals on used books.
well, guess it is a moot point anyway :p |
Originally Posted by ALadyNCal
(Post 16810294)
....I couldn't believe people rushed in to buy things with only 10-20% off, but they did (at least at my local store)....
1. No one knows how soon the store will close. Best to get in and buy something, anything, while it's still possible. 2. Some of us still have Borders gift cards to redeem. Best to get in and use them to purchase something, anything, while it's still possible. 3. The bonus bucks (or whatever) are only good through July 31. Best to get in and buy something, anything, while it's still possible to use them. @:-) |
All true points...but purchasing almost anything but magazines makes sense only if you have Borders Bucks/ Gift Cards to redeem.
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Recently visited Borders in Santa Rosa, CA. Surprised to see how nearly fully stocked it was. May be the last one standing in the region, and so a depot from other Borders near and far. Also surprised that, while most sections had "25%" signs, the books I bought turned out to be 40% off at the register. ^
And again, while I've been playing the dirge here for months now, even as I've heard, "Oh, our store is very profitable; it's really because the landlords wouldn't negotiate with the ones that closed," ...Borders has been very very good to me, and I'm very sorry for the thousands of employees who aren't anymore. |
no inventory system, they got rid of their computers?!
I went to our remaining one in Silver Spring on Sunday looking for a few titles. But they couldn't tell me where in the store they might be, let alone whether they stocked the books, because they got rid of their computers when they went into liquidation?! And what's the big deal about 25% in a liquidation, when those sorts of discounts and greater ones were regularly available at Borders in the past?
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It's been a good run.
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Hopefully some good stuff will still be around when the deeply discount them.
Time for some travel books |
If anyone's still watching:
Email this morning from Barnes & Noble's CEO:
Dear Borders Customer, My name is William Lynch, CEO of Barnes & Noble, and I'm writing to you today on behalf of the entire B&N team to make you aware of important information regarding your Borders account. First of all let me say Barnes & Noble uniquely appreciates the importance bookstores play within local communities, and we're very sorry your Borders store closed. As part of Borders ceasing operations, we acquired some of its assets including Borders brand trademarks and their customer list. The subject matter of your DVD and other video purchases will be part of the transferred information. The federal bankruptcy court approved this sale on September 26, 2011. Our intent in buying the Borders customer list is simply to try and earn your business. The majority of our stores are within close proximity to former Borders store locations, and for those that aren't, we offer our award- winning NOOK™ digital reading devices that provide a bookstore in your pocket. We are readers like you, and hope that through our stores, NOOK devices, and our bn.com online bookstore we can win your trust and provide you with a place to read and shop. It's important for you to understand however you have the absolute right to opt-out of having your customer data transferred to Barnes & Noble. If you would like to opt-out, we will ensure all your data we receive from Borders is disposed of in a secure and confidential manner. Please visit www.bn.com/borders before October 15, 2011 to do so. Should you choose not to opt-out by October 15, 2011, be assured your information will be covered under the Barnes & Noble privacy policy, which can be accessed at www.bn.com/privacy. B&N will maintain any of your data according to this policy and our strict privacy standards. At Barnes & Noble we share your love of books — whatever shape they take. We also take our responsibility to service communities by providing a local bookstore very seriously. In the coming weeks, assuming you don't opt-out, you'll be hearing from us with some offers to encourage you to shop our stores and try our NOOK products. We hope you'll give us a chance to be your bookstore. Respectfully, William Lynch - Barnes & Noble | Borders |
Originally Posted by Firewind
(Post 17202686)
Email this morning from Barnes & Noble's CEO:
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Originally Posted by Firewind
(Post 17202686)
Email this morning from Barnes & Noble's CEO:
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Originally Posted by itsme
(Post 17202985)
B&N thinks they are seizing an opportunity; I think they are seizing a small one when they could have a bigger one. If B&N wants to bring former Border's regulars into the B&N fold, then why not offer something to encourage them to make a B&N purchase within the next 60 days? I think a 25% on one book printable coupon to entice Border's customers would have been a smart move. The email Mr. Lynch said does little.
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Originally Posted by kipper
(Post 17203224)
This is a good point. Another suggestion: for those who had the Borders Rewards Plus, give them 6 months or so of B&N Membership.
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All the above. And interesting that they're picking at as carrion what they wouldn't bite on while Borders lived. But I guess we were no different if/as we went in for the deeper and deeper discounts. Alas, the way of life and death in this world.
BTW, talking with a friend who already wrote back to Mr. Lynch to tell him she was opting out, I said that, although I already have a B&N (gifted) membership, I'll hang in to see how this further plays out -- I've got more time to delete emails. (To digress a little further, I got faaar more Borders emails at the free level, and I think better discounts, than I ever do from B&N.) |
AG's "warning" about B&N getting Borders customers' info
Interestingly, Boston's news radio station, WBZ, just reported that the Massachusetts Attorney General today issued a "warning" that former Borders customers who receive an email from Barnes&Noble need to notify Barnes&Noble by October 15 if they want to opt out of having their Borders personal information go to Barnes&Noble.
Makes one wonder especially why the AG's office's is interested. Of course, we know the essence of the story already, but I wonder if the AG is interested because of the terms that we need to opt out rather than opt in. Maybe that makes a big difference, since we didn't volitionally ask for this. Seems to be an incomplete report. Perhaps others are hearing this and more? |
I hope Borders make a come back in the future.
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