Borders - Bankruptcy Imminent?

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Re: Borders - Bankruptcy Imminent?

Post by GuaranteedUnity » Wed Feb 16, 2011 11:55 am


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Re: Border's in-store only coupon roundup (33-50% off)

Post by Zeya » Wed Feb 16, 2011 12:09 pm

Some news broke today that Borders is closing down a whole grip of stores, including 12 stores in the San Francisco Bay Area (near me). Here is a list of all the store closures, although it looks like the list isn't sorted very well.
http://www.publishersweekly.com/binary- ... /242-1.pdf" onclick="window.open(this.href);return false;

I don't know how quickly they will close. Anyone know?

This doesn't bode well for Lego purchasers I guess. Although I have yet to buy a Lego set from Borders; every time I go in their stuff is so high priced, even a %40 off coupon just makes it so their stuff is barely MSRP. Guess that's why they're going belly-up?

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Re: Borders - Bankruptcy Imminent?

Post by GuaranteedUnity » Wed Feb 16, 2011 12:43 pm

Stupid post edit timeout.

The 200 stores being closed, by state.

If one of these was your local store and there are no others nearby, your Rewards Plus account (if you upgraded) is now pretty much useless for LEGO unless they start carrying sets online. :/

AK
  1. Anchorage (#88) 1100 E Dimond Blvd
AR
  1. Rogers (#318) 2203 South 45th St Ste 12100
AZ
  1. Avondale (#596) 101O0 W. McDowell Road
  2. Chandler (#282) 870 N. 54th Street
  3. Mesa (#69) 1361S Alma School Road
  4. Phoenix (#54) 2402 E Cametback Road, Suite 200
  5. Phoenix (#342) 4555 East Cactus Rd
  6. Scottsdale (#538) 7000 E. Mayo Blvd. Suite 1050
  7. Scottsdale (#641) 7135 East Camelback Rd, Space 140
  8. Tucson (#18) 4235 N Oracle Rd
CA
  1. Alameda (#233) Alameda Towne Centre 2245 South Shore Center
  2. Cerritos (#224) 12741 Towne Center Drive
  3. Chino (#497) 3833 Grand Avenue
  4. El Cajon (#470) 159 Fletcher Parkway
  5. Fremont (#404) 39210 Fremont Hub, Suite 211
  6. Glendale (#149) 100 S Brand Blvd
  7. La Habra (#527) 1310 S. Beach Blvd.
  8. Long Beach (#690) 101 South Pine Avenue
  9. Long Beach (#139) 2110 BeSlflower Blvd
  10. Los Angeles (#154) 10250 Santa Monica Blvd.
  11. Los Angeles (#374) 6081 Center Dr, Suite 118
  12. Los Gatos (#192) 50 University Avenue, Ste 280
  13. Mira Loma (#243) 12423 Limonite Ave.
  14. Modesto (#357) 3900 Sisk Rd
  15. Montciair (#105) 5055 S Plaza Lane
  16. Orange (#266) 20 City Boulevard, W.
  17. Oxnard (#485) 241W. Esplanade Drive
  18. Pasadena (#263) 475 S. Lake Avenue
  19. Pico Rivera (#576) 8852 Washington Blvd.
  20. Pleasanton (#117) 4575 Rosewood Drive
  21. Rolling Hills Estates (#523) 550 Deep Valley Drive, Suite 261
  22. San Diego (#362) 668 6th Avenue
  23. San Francisco (#57) 400 Post Street
  24. San Francisco (#605) 845 Market St.
  25. San Jose (#491) 3S6 Santana Row, Suite 1030
  26. San Jose (#587) 925 Blossom Hill Road, Suite 1741
  27. San Mateo (#141) 2925 El Camino Reaia
  28. San Ramon (#379) 120 Sunset Dr
  29. Santa Cruz (#387) 1200 Pacific Ave, Suite 100
  30. Sherman Oaks (#359) 14651 Ventura Blvd.
  31. Stockton (#621) 10776 Trinity Parkway
  32. Tustin (#450) 2493 Park Ave
  33. Union City (#443) 32111 Union Landing Blvd
  34. Valencia (#297) 24445 Town Center Dr.
  35. Yorba Linda (#402) 22401 Old Canal Rd
CO
  1. Aurora (#481) 6606 South Parker Road
  2. Boulder (#407) 1750 Twenty Ninth Street Suite 1052
  3. Dillon (#545) 264 Dillion Ridge Way
  4. Grand Junction (#562) 2464 U.S. Highway 6 & 50, Suite 132
  5. Greeley (#413) 2863 35th Ave
  6. Littleton (#375) 8501 West Bowles Ave
CT
  1. Danbury (#214) 110 Federal Road
  2. Manchester (#60) 59 Pavilions Drive
  3. Milford (#165) 1201 Boston Post Rd.
  4. Simsbury (#378) 500 Bushy Hill Road
  5. Southbury (#833) Southbury Plaza 100 Main Street North, Spc 17
  6. Wilton (#530) 14 Danbury Road {Gateway Center)
DC
  1. Washington (#50) 1801K Street NW
  2. Washington (#285) 5333 Wisconsin Avenue.NW
FL
  1. Altamonte Springs (#181) 880 W. State Road 436
  2. Brandon (#493) 2020 Town Center Blvd.
  3. Clearwater (#593) 2683 Gulf to Bay Blvd.
  4. Fort Myers (#604) Gulf Coast Town Center 10037 Gulf Center Drive
  5. Ft Lauderdale (#124) 2240 E Sunrise Blvd
  6. Gainesville (#355) 6837 Newberry Road
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  15. Tampa (#171) 12500 N Dale Mabry
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GA
  1. Atlanta (#256) 3101 Cobb Parkway
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  3. Buford (#360) 1705 Mall of Georgia Blvd - Suite 200
  4. Kennesaw (#411) 605 Ernest W Barrett Parkway, Bldg 400
  5. Suwanee (#691) 3630 Peachtree Parkway, Suite 100
HI
  1. Kailua-Kona (#206) 75-1000 Henry Street
  2. Lihue (#95) 4303 Nawiliwii!
IL
  1. Bolingbrook (#480) 161 N. Webber
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  16. St. Charles (#408) 3539 E Main
IN
  1. Carmel (#504) 2381 Pointe Parkway
  2. EvansviHe (#508) 6401E. Lloyds Expressway, Suite 1
  3. Indianapolis (#488) 11S. Meridian Street, Suite 110
  4. Merriilville (#600) 2074 Southlake Mall
  5. Mishawaka (#195) 4230 Grape Road
  6. West Lafayette (#518) 348 E. State Street
KS
  1. Lawrence (#203) 700 New Hampshire Street
  2. Wichita (#122) 1715 Rock Rd & 13th Street
KY
  1. Louisville (#571) 2520 S. Hurstborne Gem Lane
  2. Loutsvilie (#556) 400 S. 4th Street
LA
  1. Metarie (#280) 3131 Veterans Memorial Blvd.
  2. New Orleans (#829) 3338 St. Charles Ave
MA
  1. Boston (#330) 511 Boylston Street
  2. Burlington (#251) Wayside Commons 6 Wayside Road, Space U
  3. Holyoke (#235) Holyoke Mall 50 Holyoke St., Space J312
  4. Hyannis (#209) 990 lyannough Road
  5. Peabody (#59) 151 Andover Street
  6. Wareham (#803) Wareham Crossing 2421 Cranberry Highway, Ste 460
MD
  1. Bowie (#174) 4420 MitchellviHe Rd.
  2. Kensington (#10) 11301 Rockviile Pike
  3. Largo (#542) 931 Capital Centre Blvd.
MI
  1. Ann Arbor (#303) 3527 Washtenaw Ave.
  2. Dearborn (#71) 5601 Mercury Drive
  3. Grosse Pointe (#273) 17141 Kercheval Avenue
  4. Utica (#53) 45290 Utica Park Boulevard
MN
  1. Maple Grove (#569) 12059 Elm Creek Blvd.
  2. Minnetonka (#31) 1501 Plymouth Road
  3. Richfield (#189) 800 W. 78th Street
  4. St. Paul (#267) 1390 W. University Avenue
MO
  1. Ballwin (#213) 1535S-A Manchester Road
  2. Chesterfield (#329) 2040 Chesterfield Mall
  3. Kansas City (#565) 8628 North Boardwalk Avenue
  4. Springfield (#529) 3300 S, Glenstone Avenue
  5. St. Joseph (#658) 5201 North Beit Highway, Suite 127
  6. St. Peters (#492) 1320 Mid Rivers Mall
MT
  1. Bozeman (#548) 2855 North 19th Avenue, Suite C
NC
  1. Apex (#333) 1541 Beaver Creek Commons Dr. Ste 220
  2. Cary (#132) 1751 Walnut Street
  3. Chapel Hill (#490) 1807 Fordham Blvd.
  4. Greensboro (#134) 3605 High Point Rd
  5. Raleigh (#365) 404-101 East Six Forks Rd
NH
  1. Nashua (#255) 281 Daniel Webster Hwy.
NJ
  1. Freehold (#241) Raceway Mall 3710 Route 9, Ste 2318
  2. Ft. Lee (#499) 1642 Schlosser Street
  3. Paramus (#34) Garden State Plaza Suite 2200
  4. Watchung (#302) 1515 Route 22 West, Suite 02
NM
  1. Albuquerque (#684) 10420 Coors Bypass NW, Suite B
  2. Santa Fe (#278) 500 Montezuma, Suite 108
NV
  1. Las Vegas (#81) 2323 S Decatur Boulevard
NY
  1. Commack (#179) 68 Veterans Memorial Highway
  2. Ithaca (#507) 40 Catherwood Road
  3. Manhattan (#228) 576 Second Avenue
  4. New York (#566) 100 Broadway
  5. New York (#200) 461 Park Ave.
  6. Saratoga Springs (#389) 395 Broadway
  7. Scarsdale (#475) 680 White Plains Road
  8. Wappingers Falls (#595) 1820 South Road, Suite 110
  9. Westbury (#52) 1260 Old Country Road
OH
  1. Cincinnati (#347) 9459 Colerain Avenue
  2. Columbus (#2) 4545 Kenny Road
  3. Columbus (#172) 6670 Sawmill Road
  4. Dayton (#116) 2700 Miamisburg Centerville Rd, Ste 870
  5. Mason (#588) 5105 Deerfield Blvd
  6. Medina (#601) 4927 Grande Shops Ave.
  7. Mentor (#358) 9565 Mentor Avenue
OK
  1. Oklahoma City (#151) 3209 Northwest Expressway
  2. Tulsa (#264) 8015 S.Yale
PA
  1. Camp Hill (#455) 3515 Gettysburg Road
  2. Erie (#377) 2088A Interchange Rd
  3. King of Prussia (#487) 650 Mall Blvd.
  4. Langhorne (#204) 2343 E. Lincoln Highway
  5. Monroeville (#143) 200 Mall Blvd
  6. Pittsburgh (#9) 1775 North Highland Road
  7. Pittsburgh (#457) 5986 Penn Circles South Ste 101
  8. Reading (#175) 1075 Woodland Rd
  9. Whitehall (#345) 1937 Whitehall Mall
PR
  1. Carolina (#482) 5891 Plaza Eseorial
  2. Mayaguez (#632) Avenida Hostos 975, Suite 765
TN
  1. Franklin (#536) 545 Cool Springs Blvd, Suite 190
TX
  1. Austin (#103) 3309 Esperanza Crossing
  2. Austin (#367) 4477 S. Lamar
  3. Austin (#247) 9500 South IH 35 Service Rd. Southpark Meadows, Suite F
  4. Burleson (#584) 1131N. Burleson Blvd.
  5. Colleyville (#462) 5615 Colleyville Blvd, Ste 100
  6. Dallas (#32) 10720 Preston Road, Suite 1018
  7. Dallas (#612) 3600 McKinney Avenue
  8. Lewisville (#146) 2403 S Stemmons, Suite 100
  9. Mesquite (#541) 2709 N.Mesquite Drive
  10. Piano (#90) 1601 Preston Road, Suite J
UT
  1. Logan (#553) 1050 North Main Street
  2. Murray (#274) 132 E. Winchester
VA
  1. Glen Allen (#92) 9750 W Broad St
  2. Newport News (#682) 12300 Jefferson Ave, Suite 100
  3. Stafford (#636) 1240 Stafford Market Place
  4. Vienna (#29) 8027 Leesburg Pike, Ste 100
  5. Winchester (#685) 2420 S. Pleasant Valley Road
WA
  1. Fox Point (#336) 8705 N. Port Washington
  2. Gig Harbor (#234) 4601 Point Fosdick Dr. NW
  3. Lynnwood (#619) 3000184th St. SW, Suite 910
WI
  1. Greendale (#467) 5250 S. 76th Street
  2. Madison (#3) 3750 University Ave
  3. Milwaukee (#543) 101 West Wisconsin Avenue

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Re: Borders - Bankruptcy Imminent?

Post by slacker » Wed Feb 16, 2011 1:49 pm

bye bye borders. Good thing I didn't get the rewards card. what a shame, I just bought 5 books from them.

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Re: Border's in-store only coupon roundup (33-50% off)

Post by GuaranteedUnity » Wed Feb 16, 2011 1:51 pm

Zeya wrote:I don't know how quickly they will close. Anyone know?
Should be within a month or two, with sales at the closing stores likely starting as early as this weekend to take advantage of President's Day.
Zeya wrote:Although I have yet to buy a Lego set from Borders; every time I go in their stuff is so high priced, even a %40 off coupon just makes it so their stuff is barely MSRP.
I think you need to check your math and/or what you think MSRP for some of these sets are, as (with the exception of CMFv2) the coupons always drop Borders' prices below MSRP.

Code: Select all

                      MSRP      BRP       BRP-33%   BRP-40% 
                      -------   -------   -------   -------
SW Battlepack         $ 11.99   $ 12.99   $  8.70   $  7.79
Flying Mummy Attack   $ 19.99   $ 23.99   $ 16.07   $ 14.39
Battle of Naboo       $ 24.99   $ 34.99   $ 23.44   $ 20.99
Hogwarts Castle       $129.99   $149.99   $100.49   $ 89.99
That Naboo set is one of the worst as markups go, but even the 33% off price is still 6% below MSRP.

Most other sets usually work out to be around 15-25% off MSRP for the 33% coupon, and 20-30% for the 40%.

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Re: Borders - Bankruptcy Imminent?

Post by atmail35 » Wed Feb 16, 2011 1:56 pm

I too was coming in to post the list. Suprisingly 2 of the stores near me are staying open. But I suppose there won't be any coupons soon?

I wonder if the stores that are closing will even have the Lego for clearance or if those will get moved to other stores? One store near me closed around January and the lowest they went on certain books was 40% off b/c they could return stock to the publisher....no better than the coupon. Some books were $1 each or 2 for $1, but nothing really great.

This is kind of sad, I really did prefer Borders to B&N in general.

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Re: Borders - Bankruptcy Imminent?

Post by Mantisking » Wed Feb 16, 2011 5:56 pm

atmail35 wrote:I wonder if the stores that are closing will even have the Lego for clearance or if those will get moved to other stores?
When the one near me was in the process of closing, the Lego was gone before I got there. I'm not sure if it was sold or transferred to another store.
atmail35 wrote:One store near me closed around January and the lowest they went on certain books was 40% off b/c they could return stock to the publisher....no better than the coupon. Some books were $1 each or 2 for $1, but nothing really great.
The Chestnut Hill store on Rt.9, right?

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Re: Borders - Bankruptcy Imminent?

Post by atmail35 » Thu Feb 17, 2011 7:37 am

Mantisking wrote:
atmail35 wrote:I wonder if the stores that are closing will even have the Lego for clearance or if those will get moved to other stores?
When the one near me was in the process of closing, the Lego was gone before I got there. I'm not sure if it was sold or transferred to another store.
atmail35 wrote:One store near me closed around January and the lowest they went on certain books was 40% off b/c they could return stock to the publisher....no better than the coupon. Some books were $1 each or 2 for $1, but nothing really great.
The Chestnut Hill store on Rt.9, right?
Yes, it was in Chestnut Hill. I only ended up going in the last few days before it closed b/c I was at that Mall. Honestly I couldn't find one thing worth buying at that stage (even books at $1 or 50 cents - not worth cluttering my house). FWIW, I never thought that store carried a ton of Lego. The toy area was pretty modest.

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Re: Borders - Bankruptcy Imminent?

Post by GuaranteedUnity » Mon Mar 14, 2011 5:25 pm

Borders To Close 75 More Stores.

The WSJ covers the same news (and more) in a rosier light, saying that things are entirely dependent on negotiations with Borders' landlords, and that the final number of additional closures may be closer to 20-25.

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Re: Borders - Bankruptcy Imminent?

Post by brixter » Thu Mar 17, 2011 8:29 pm

Went to Borders at Columbus Circle in Manhattan today. They had four Hogwarts Castle sets on display, as well as a bunch of Ninjago Dojos and the new Space Shuttle set. I'm taking this as a glimmer of hope that they will be continuing to get more new sets in as the year progresses. They did not have any of these sets in stock on Monday when I breezed through or two weeks ago when they had the big 40% coupon. These may have been shipped in from stores that are closing, but I don't know if they're allowed to do that. Has anyone else seen new stock in at their local Borders?

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Re: Borders - Bankruptcy Imminent?

Post by GuaranteedUnity » Mon Mar 21, 2011 6:49 pm

Previously listed stores are expected by to be closed by the end of April.

28 additional stores have been added to the list, and are scheduled for closure by late May:-

CA
  1. Bakersfield, CA -- 4980 Stockdale Highway
  2. Goleta, CA -- Camino Real Marketplace, 7000 Marketplace Ave.
  3. Hollywood, CA -- Hollywood Marketplace, 1501 Vine Street
  4. Milpitas, CA -- McCarthy Ranch Marketplace, 15 Ranch Dr.
  5. Pleasant Hill, CA -- Pleasant Hill Shopping Center, 120 Crescent Drive
  6. San Diego, CA -- The Courtyard-Carmel Mountain, 11160 Rancho Carmel Dr.
  7. San Rafael, CA -- 588 Francisco Blvd. West
CT
  1. Fairfield, CT -- Fairfield Center, 1499 Post Rd
  2. Stamford, CT -- Grand Central Fashion Plaza, 1041 High Ridge Rd
GA
  1. Atlanta, GA -- Buckhead Triangle, 3637 Peachtree Rd, NE
HI
  1. Kahului (Maui), HI -- Maui Marketplace, 270 Dairy Rd, Suite 190
  2. Waipahu, HI -- Waikele Center, 94-821 Lumiaina St
IL
  1. Wilmette, IL -- Edens Plaza, 3232 Lake Ave, Suite100
IA
  1. West Des Moines, IA -- Water Tower Place, 4100 University Ave., Suite 115
IN
  1. Fort Wayne, IN -- 4320 Coldwater Rd
  2. Indianapolis, IN -- The Shops at River Crossing, 8675 River Crossing Blvd.
KS
  1. Overland Park, KS -- Regency Park Shopping Center, 9108 Metcalf Ave.
KY
  1. Louisville, KY -- Shelbyville Road Plaza, 4600 Shelbyville Rd
MA
  1. Braintree, MA -- Marketplace at Braintree, 255 Grossman Dr.
  2. Shrewsbury, MA -- 476 Boston Turnpike
OK
  1. Tulsa, OK -- East 21st Street, 2740 E. 21st Street
PA
  1. N. Wales, PA -- Airport Plaza, 801 Bethlehem Pike
  2. Philadelphia, PA -- 1 South Broad, Suite 100
RI
  1. Cranston, RI -- Garden City Shopping Center, 190 Hillside Rd
TN
  1. Nashville, TN -- West End Avenue, 2501 Westend
TX
  1. Stafford, TX -- The Fountains on the Lake, 12788 Fountain Lake Circle
WA
  1. Federal Way, WA -- The Commons at Federal Way, 2000 South Commons
  2. Tacoma, WA -- South 38th Street, 2508 S. 38th Street

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Re: Borders - Bankruptcy Imminent?

Post by legitimatealex » Mon Mar 21, 2011 7:25 pm

Good lord I don't even think there is one in Indiana anymore...I don't know why I even bother with their email notifications.
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Re: Borders - Bankruptcy Imminent?

Post by atmail35 » Tue Mar 22, 2011 4:51 am

That's too bad that more stores are closing. I really wonder if they will be able to make a comeback/recover. :(

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Re: Borders - Bankruptcy Imminent?

Post by Mantisking » Tue Mar 22, 2011 7:28 am

Crud. The Shrewsbury store is one of the two that are actually near me.

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Re: Borders - Bankruptcy Imminent?

Post by legitimatealex » Tue Mar 22, 2011 7:28 pm

atmail35 wrote:That's too bad that more stores are closing. I really wonder if they will be able to make a comeback/recover. :(
I'm just going to take a shot in the dark and give a solid 'no' to that question. Honestly they take up a lot of space, don't offer anything better than any other bookstore and they didn't have an ebook reader like other places.


Also Seattle's Best is terrible.
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Re: Borders - Bankruptcy Imminent?

Post by Mantisking » Wed Mar 23, 2011 8:15 am

legitimatealex wrote:Also Seattle's Best is terrible.
It's because Seattle's Best was bought out by Starbucks.

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Re: Borders - Bankruptcy Imminent?

Post by legitimatealex » Fri Mar 25, 2011 3:04 pm

Mantisking wrote:
legitimatealex wrote:Also Seattle's Best is terrible.
It's because Seattle's Best was bought out by Starbucks.
Really? When did this happen? Why do I still see Seattle's Best commercials?

Bah they were always terrible. And I keep getting 40% off coupons for Borders but there's no longer one in my state...aaaah darn.
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Re: Borders - Bankruptcy Imminent?

Post by Mantisking » Fri Mar 25, 2011 9:58 pm

legitimatealex wrote:Also Seattle's Best is terrible.
Mantisking wrote:It's because Seattle's Best was bought out by Starbucks.
legitimatealex wrote:Really? When did this happen? Why do I still see Seattle's Best commercials?
Seattle's Best Coffee.
legitimatealex wrote:Bah they were always terrible. And I keep getting 40% off coupons for Borders but there's no longer one in my state...aaaah darn.
If I was still living at my old address, the two nearest to me would be closing. As it is, I'll be down to one near me once the Shrewsbury store closes.

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Re: Borders - Bankruptcy Imminent?

Post by sidersdd » Tue Mar 29, 2011 9:41 am

legitimatealex wrote:
Mantisking wrote:
legitimatealex wrote:Also Seattle's Best is terrible.
It's because Seattle's Best was bought out by Starbucks.
Really? When did this happen? Why do I still see Seattle's Best commercials?

Bah they were always terrible. And I keep getting 40% off coupons for Borders but there's no longer one in my state...aaaah darn.
And the coupons can no longer be used for LEGO purchases either. They explicitly exclude toys/games. At least the last two coupons circulating have.

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Re: Borders - Bankruptcy Imminent?

Post by GuaranteedUnity » Sun May 15, 2011 12:29 pm

I imagine most have already written off Borders between their Chapter 11 and the exclusion of LEGO from the regular coupons at the remaining stores, but for those that still have a vague interest...

Borders may close if no bidder emerges
bizjournals.com

Not at all surprising, but still....

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