Deathwatch: Everything must go as Borders faces final chapter
With Waterstones’ parent company HMV still mulling over whether to snap up some of the stores, huge dents could be made in their own profits as customers flock to Borders to nab the marked-down stock.
When Borders’ Oxford Street branch closed down earlier in the year (pictured), there were near-riots as punters raced to liberate thousands of drastically discounted books from the shelves. Similar scenes could occur over the next few days across the country.
If and when the stores close, it could be bad news for the likes of Paperchase, Game, Red5 and Starbucks, who all have concessions in Borders stores. It is estimated that Paperchase could lose as much as £10 million in annual sales.
But hey – if you’re looking for bargain-priced Christmas gifts, and if the price-slashing is drastic enough, Borders could be the place to be today and tomorrow. Cruel but true.
[Thanks for HotUKDeals member alan6012 for the tip-off]