Competition with other major brick-and-mortar retailers (like Barnes & Noble) and Internet megastores (like Amazon) has made an already rough economic climate even rougher for Borders. They were forced to close 200 Walden store locations this month, freeing them from burdensome leases on mall space but further contracting their sales base and general visibility in the market. Even if the Borders chain emerges from this dip relatively unscathed, it's not clear how their mall stores (Borders Express and Walden) will fare.
It's not all bad news in Ann Arbor—Borders has reduced shelf space for less profitable merchandise and revamped their rewards program—but, as you can see, they're far from out of the woods yet.
What do you think, fair authors? Will Borders regain their footing as the economy recovers? Do you think mall-based book retailing is still effective? Do you shop at Borders regularly, and if not, why not? If so, why?