Waldenbooks shrinking

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Amid a "bleak book environment," Borders is planning on closing most of its Waldenbooks locations to cut its corporate costs. The company, which had been stratetgically closing Waldenbooks stores since 2007, is now moving toward a drastic reduction--as much as 80 percent of the current total.

Waldenbooks will have 50 to 60 doors when the closings are complete, down from 300 today, and 564 as recently as 2007. Borders stores are concentrating on high-volume areas, like children's and health and wellness books, while aggressively cutting costs.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on April 1, 2009 11:38 AM.

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