I have a tickler that sends me news items on various topics and one of these is news related to Borders. In the past two months or so, the citations listing store closings has become a torrent of store retrenching. Having announced earlier in 2007 that they would step up their store closings, the company appears to have accelerated this effort. Most of these closing are the Walden Books stores which has been a problematic store concept for some time and which the economy has only made worse.
In places like Lexington, MA and Great Falls, MT, Walden/Borders are leaving locations where their stores represent the only identifiable book store brand. Some people are upset and have started letter writing campaigns but the news of specific closings arrives so fast the community can't possibly organize fast enough. Truth is, no amount of community concern is going to trump simple economics. Sadly, other than in a few isolated cases, staff have not been offered work in other stores. Not only are there no other stores to move the staff to, but the Walden epidemic is often collected in news stories about other store brands shutting down in the same neighborhood or mall.
My incomplete list of closings noted just during January includes the following:
(Where is all this inventory going?)
Tippecanoe Mall, Lafayette Indiana
Logonsport Mall, Indiana
Stroud Mall, Penn
Volusia Mall, Daytona Beach, FL
Wyoming Valley Mall, Wilkes Barre, PA
Kenwood Town Center, Cinn, OH
Inland Center Mall, San Bernadino, CA
Sandberg Mall, Gailsburg, IL
Contana Mall, B/Rouge, LA
Regency Mall, Racine, WI
Birlington Mall, Vermont
Greendale Mall, Worcester, MA
Sq One Mall, Saugus, MA
DeSota Sq Mall, Sarasota, FL
Prince of Orange Mall, SC
Pompono Beach, FL
South Plains Mall, Lubbock, TX
Miller Hill Mall, Deluth MN
Clarion Mall, Clarion PA
Town Mall, Elizabethtown, KY
Marshall Town Center, IA
Holiday Village Mall, Great Falls, MT
Southridge Mall, Des Moines IA.
Lahaina Mall, HI
Whalers Village, HI
Tower Place Mall, Cinn, OH
Mill Avenue, Tempe AZ
Kemper Road, Springdale,OH
Compuware Bld (Downtown) Detroit, MI
Vero Beach Fashion Outlets, FL
Bonnie Schmick the Borders spokes person that each local reporter speaks to must be pretty depressed having to field all these calls.
(There are some misspellings in that list - apologies).
The NYTimes notes the decline of shopping Malls in a weekend article: NYTimes
I also posted my own view a few months ago in Death of the Big Box