From a company statement: Kobo does not rely on Borders for content. Kobo owns the publishing agreements and has direct relationships with all major publishers, including Random House, Simon & Schuster (NYSE: CBS), HarperCollins, St. Martin’s Press and many more.
Kobo is solely responsible for payment to publishers for eBooks sold through the Kobo platform and publishers will continue to be paid on time as usual. [READ MORE FROM KOBO]
Borders been ailing for years-and shuttering stores along the way and its strategies for getting healthy usually seemed to make things worse. I mean it wasn’t until 2007 that it decided that it made sense to have its own Web site rather than to outsource online sales to archival Amazon.com.
While Borders was busy giving the Web and e-books short shrift , it was also doubling down on the notoriously tricky business of running brick-and-mortar superstores. Until late 2010, San Francisco had four Borders stores-three of which were within a mile and a half of each other. I’m no retailing genius, but I couldn’t figure out how… [READ THE PC WORLD STORY]
Heading to Saratoga Springs, NY this summer for a little horse racing? A stop to browse at the local bookstore in the heart of town may not be in the cards, as that location is part of the Borders bankruptcy.
“It has nothing to do with Broadway in Saratoga,” said Todd Shimkus, president of the Saratoga County Chamber of Commerce. “It has everything to do with the fact [that] bookstores are a dying breed, at least at that large-scale type of commercial operation.”
Shimkus and others said it will be a challenge to find other tenants, but the empty store won’t stop other investments downtown. [READ THE FULL ARTICLE]