GBP Shop - Great Bargains to Your Door! » books http://www.gbpshop.co.uk The Best British Stores Under One Virtual Roof! Mon, 01 Nov 2010 18:07:18 +0000 en hourly 1 Borders UK Goes Into Administration – Amazon Gets Stronger http://www.gbpshop.co.uk/retail-news/borders-uk-goes-into-administration http://www.gbpshop.co.uk/retail-news/borders-uk-goes-into-administration#comments Fri, 27 Nov 2009 19:58:25 +0000 Shop Assistant http://www.gbpshop.co.uk/?p=235 The latest British victim of the credit crunch of Borders UK. Once a leading player in the high street books market, Borders has had a difficult time with increasing competition from the likes of Waterstones, and of course the ever growing popularity of Amazon.

“All stores currently remain open for business as normal whilst the administrators undertake a review of the company’s affairs and seek a purchaser for all or some of the company’s stores in which there has already been interest.”

Borders was in talks with WH Smiths, discussing various merger options, however talks broke down last week. Borders were also talking to Waterstone’s owners HMV about a partnership.

On Monday this week Borders stopped all new orders on its website.

This is good news for Waterstones and WH Smith, as both are likely to see increase in sales running up to Christmas, plus Amazon will win some of Borders’ online sales.

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