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25 August 2011 @ 12:31 pm
Books A Million agrees to buy leases for 14 Borders Stores  
I thought this was over but apparently not.

http://www.bloomberg.com/news/2011-08-24/books-a-million-agrees-to-buy-leases-for-14-borders-stores-for-934-000.html
 
 
 
(Anonymous) on August 25th, 2011 08:49 pm (UTC)
so...
what does this ruling mean for the stores' employees?
(Anonymous) on August 26th, 2011 04:37 am (UTC)
Re: so...
If you enjoyed life under Ron Marshall you will love BAM. Don't hit your membership card goals you are fired. As a southern store with several BAM locations in our market I can't tell you how many quit to come to Borders because it is so bad. Move on.
Re: so... - (Anonymous) on August 26th, 2011 01:16 pm (UTC) (Expand)
Re: so... - (Anonymous) on August 27th, 2011 04:36 am (UTC) (Expand)
Re: so... - (Anonymous) on August 31st, 2011 08:05 pm (UTC) (Expand)
Fail - (Anonymous) on September 3rd, 2011 03:20 am (UTC) (Expand)
Re: Fail - (Anonymous) on September 3rd, 2011 04:55 am (UTC) (Expand)
Spirit Award! - (Anonymous) on September 4th, 2011 05:32 pm (UTC) (Expand)
(Anonymous) on August 26th, 2011 06:33 am (UTC)
Re: so...
I heard quite a few things. I heard that DMs and RMs are in bed together...literally. And I don't just mean consensual sex between superiors and inferiors, but there are orgies at RMs' houses where RMs dress up as carnivorous woodland creatures and gangbang female DMs while blowing lines...yeah, shit like that. You thought you had it bad with Borders?
Re: so... - (Anonymous) on August 28th, 2011 05:49 pm (UTC) (Expand)
Re: so... - CSI Borders on August 28th, 2011 07:26 pm (UTC) (Expand)
(Anonymous) on August 25th, 2011 10:03 pm (UTC)
The meaning may vary.

There is life after Borders.

Make the transition.
(Anonymous) on August 25th, 2011 10:53 pm (UTC)
How Long
How long before it's over, and there are no more Borders employees?

Two weeks?

One week?
(Anonymous) on August 26th, 2011 02:46 am (UTC)
Re: How Long
(a different Anonymous)

interesting last line
about stores set to close by mid-September.

haven't been given a set date and while a lot has been
purchased there's still a lot left.

so don't know where they got that information or how true it is.

as usual, most of the employees are kept in the dark.
Re: How Long - (Anonymous) on August 26th, 2011 02:55 am (UTC) (Expand)
Re: How Long - (Anonymous) on August 26th, 2011 03:32 am (UTC) (Expand)
Re: How Long - (Anonymous) on August 26th, 2011 06:37 am (UTC) (Expand)
Re: How Long - (Anonymous) on August 26th, 2011 03:41 am (UTC) (Expand)
(Anonymous) on August 27th, 2011 04:39 am (UTC)
Re: How Long
A GM told me her liquidator had told her their store would be open until sometime during the 3rd week of September. But it may vary from store to store, depending on how much product they have and if they have to clear out to make way for another store.
Re:drop a ball --- just like New Year's Day - (Anonymous) on August 28th, 2011 03:35 pm (UTC) (Expand)
(Anonymous) on August 26th, 2011 04:15 am (UTC)
The liquidators don't want to tell you the end date as some people may quit if they know it was just a week or two. Diffrent things motivate diffrent people but some really want the stores to be open longer.


As far as how long... well look at the facts, the discount keeps going up each week (often on Thursdays). Based on this and where the discount is now it would suggest most stores will be open to 9-10 or 9-17.


I think most stores have 2 weeks left in them. I would point out people with jobs have a easier time getting a job. LOOK NOW and quit before the end.
(Anonymous) on August 26th, 2011 03:59 pm (UTC)
I can't see our store making it much past Labor Day at current stock levels.
(Anonymous) on August 26th, 2011 01:28 pm (UTC)
BAM and lost marbles
I think if BAM bought your lease you would need to apply with them all over again.You couldn't just jump on-board with them. I was actually offered to get in their management training program (whatever that crap is) and I turned it down when they offered it to me. I have heard about them and their card (you will get canned if you don't sell sell sell) also you have to sell sleazy magazines to unsuspecting customers. I go in the BAM store by my house, and every week there are new employees the average "stay" for the employee is 2 months. I have notice the management team is solid but that's because you are "it" on the floor. They don't believe in "booksellers" and that burden, again, will go to the cashier (oh and don't forget to answer the phone right by the register that's blasting away, and order that book to the old lady who remembers it was blue and on the table about 3 weeks ago ;)
I remember this young kid who worked at my local BAM and he was good. He was friendly and hardworking. Then one day he was gone. I ran into him in the mall and asked him why he left. He said with the economy no one wants that card and soon the boss lady cut his hours to 10 hours a week. He said it was stressful and the cashier is worked to death with the entire burden of ringing people up, selling cards, pick up the phone,ordering books, finding books and shelving the front of the store. He said it was the worse job he had.
Anyway, my advice is-RUN. The book industry is dead. It's a very sad fact. Borders was an awesome company (before RM) and I think most of you will go into shock with just the sight of BAM. I say stick with your unemployment-and maybe try your local library and apply there.

Good luck to all of you out there
(Anonymous) on August 27th, 2011 02:43 am (UTC)
Re: BAM and lost marbles
With the exception of selling magazine subscriptions, it sounds like working in a Waldenbooks.
Re: BAM and lost marbles - (Anonymous) on August 27th, 2011 03:14 am (UTC) (Expand)
(Anonymous) on August 27th, 2011 02:33 pm (UTC)
Re: BAM and lost marbles
If Bam was to buy your store you would need to re-apply. Depending on your payscale you may need to take a little paycut too.
1980raerae on August 27th, 2011 02:59 pm (UTC)
Re: BAM and lost marbles
Note to self, avoid BAM.

/atheist
Re: BAM and lost marbles - (Anonymous) on August 29th, 2011 01:23 pm (UTC) (Expand)
Re: BAM and lost marbles - (Anonymous) on August 31st, 2011 06:27 pm (UTC) (Expand)
Re: BAM and lost marbles - (Anonymous) on September 1st, 2011 09:45 pm (UTC) (Expand)
(Anonymous) on August 27th, 2011 04:54 am (UTC)
http://detnews.com/article/20110826/BIZ/108260401/Paradies-taking-over-former-airport-Borders-locati
August 26. 2011 11:42AM
Paradies taking over former airport Borders locations
Jaclyn Trop/ The Detroit News
Two bookstores will soon reopen in the North Terminal at Detroit Metropolitan Airport after the Wayne County Airport Authority Friday morning approved a plan for Atlanta-based developer Paradies Metro Ventures II LLC to revive the former Borders outlets.

Paradies will operate the former Borders store and newsstand locations for one year. The authority then plans to solicit new bids for retailers in the locations.

The bookstores plan to open in seven to 10 days, according to a memorandum from airport authority managers.

The bid from Paradies triumphed over a competing offer from fellow Detroit airport contractor LS Travel Retail N.A. in part because Paradies is willing to rehire all Borders workers, pay at least $150,000 or a 10 percent cut of gross sales — whichever is larger — and make a capital investment of at least $50,000 during the one-year period, according to the memorandum.

Airport managers recommended Paradies because it already operates the former Borders stores as Heritage Books outlets in the McNamara Terminal as well as the DTW Travel Mart and Hometown Favorites locations, so it has the best chance of ensuring a "smooth and timely transition and opening of the closed North Terminal bookstore locations," the memo said.

If the board had rejected the bid, the space would have remained vacant.

(Anonymous) on August 28th, 2011 06:10 pm (UTC)
We are all taking pictures of our store closing and creating facebook groups for our store. I encourage all of you to stay in touch, remember the good times but move on. Better jobs are out there for all of you. Best of luck!