In a heartfelt and humble letter sent to all the customers on Borders’ email list, CEO Mike Edwards details the end of a 40 year book buying tradition. Borders found themselves without a suitable buyer earlier this month and returned to court to start the liquidation process.
The book publishing industry has been in a downward spiral since the introduction of e-readers like the Kindle, the Kobo and the Android powered Nook and Nook Color. People are preferring to get their reading material instantly, and have it with them on the go.
More after the break