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Old 04-23-2011, 07:28 PM
 
Location: Wicker Park, Chicago
4,793 posts, read 8,277,472 times
Reputation: 1818
Default Too Many Borders Closed

Borders - Uptown, North Ave, Clark & Diversey, and Water Tower closed. I was surprised Clark & Diversey and Water Tower closed, I thought those were profitable locations. Too bad, I should have gone to the closeout book sales there too.

Only location open is downtown, - very sad... I'm kinda disappointed at what happened to the Water Tower area - no more bookstore and Saks Fifth Ave no longer has a food court. I liked going to the Borders at Water Tower, and I bought several books there. With coupons, I bought more books at Borders than Barnes & Noble.

Had to rant...
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Old 04-23-2011, 07:59 PM
 
Location: Chicago, IL SouthWest Suburbs
3,528 posts, read 2,816,735 times
Reputation: 6078
Quote:
Originally Posted by Jesse69 View Post
Borders - Uptown, North Ave, Clark & Diversey, and Water Tower closed. I was surprised Clark & Diversey and Water Tower closed, I thought those were profitable locations. Too bad, I should have gone to the closeout book sales there too.

Only location open is downtown, - very sad... I'm kinda disappointed at what happened to the Water Tower area - no more bookstore and Saks Fifth Ave no longer has a food court. I liked going to the Borders at Water Tower, and I bought several books there. With coupons, I bought more books at Borders than Barnes & Noble.

Had to rant...
Hopefully some smaller book stores will fill the vacancies left behind.
Borders was always a good stop after walking get coffee etc. too bad
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Old 04-23-2011, 08:02 PM
 
Location: Metropolis
1,114 posts, read 2,349,150 times
Reputation: 617
Barnes and Noble, where are you? One Border's for the entire city? One located in updown Dallas is closed as well. Alot of these Border's closings are in urban or town center areas. To bad...
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Old 04-23-2011, 08:19 PM
 
56 posts, read 75,879 times
Reputation: 23
they're all closing..
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Old 04-23-2011, 08:30 PM
 
Location: Chicago
1,856 posts, read 2,761,047 times
Reputation: 770
I always wondered how Borders and Barns and nobles stayed in business. They have huge stores in really nice areas and only a small amount of people buy stuff other then coffee. They really need to have people buy the book then the can read it there.
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Old 04-23-2011, 08:36 PM
 
Location: South Chicagoland
4,016 posts, read 4,169,555 times
Reputation: 1772
Next story: Water is wet! Details at 11!
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Old 04-23-2011, 08:41 PM
 
98 posts, read 16,366 times
Reputation: 18
Who cares.
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Old 04-23-2011, 09:50 PM
 
Location: River North, Chicago, Illinois
3,133 posts, read 2,960,989 times
Reputation: 2972
Quote:
Originally Posted by Jesse69 View Post
Borders - Uptown, North Ave, Clark & Diversey, and Water Tower closed. I was surprised Clark & Diversey and Water Tower closed, I thought those were profitable locations.
...
As far as I know, both those locations had strong revenue, but also had high expenses. Retail space fronting not only Michigan Ave, but the Watertower itself had to be extraordinarily expensive, and they had four floors worth of space there and over 100 feet of street frontage. You can't pay for that space by selling discounted cookbooks and mass media magazines. I would guess that those stores also had higher-than-average theft problems, which cuts further into margins. Rent at Clark/Diversy must be among the highest outside of downtown, so they probably ran into similar high-revenue/high expense issues there, too.
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Old 04-24-2011, 08:58 AM
 
Location: Chicago, IL SouthWest Suburbs
3,528 posts, read 2,816,735 times
Reputation: 6078
Quote:
Originally Posted by Odina_123 View Post
they're all closing..
Yeah it kind of sucks
maybe someone should start a thread on alternative bookstores in chicago
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Old 04-24-2011, 10:05 AM
 
1,210 posts, read 1,516,187 times
Reputation: 627
I have to agree with you here, I was really disapointed when I walked into the one on Clark and Diversey a could weeks ago and saw it was all on clearance. I like being able to swing into a book store on weekends and read/work. Going all the way down the loop for a bookstore isn't really practical for me... bummer.
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