Borders, which has been suffering from financial set backs and earlier declared bankruptcy, failed to find a buyer. Store closings may begin as early as July 22 and will ultimately affect 10,700 employees as the last 399 Borders close. The Kobo E-reader, in which Borders had a stake, will continue to be sold and supported by Kobo. Borders plans to ask the court to appoint liquidation firms to conduct going-out-of business sales at its remaining locations.
A new bookstore, Ed’s Martian Book, has opened in New York at 547 Hudson Street in the West Village. Owned by Andrew Kessler, the store only sells copies of Kessler’s book Martian Summer: Robot Arms, Cowboy Spacemen, and My 90 Days with the Phoenix Mars Mission, which is based on three months he spent embedded with NASA’s mission control with unprecedented access to the Phoenix Expedition in 2008. The bookstore is divided into sections such as “Staff Favorite” and “Best Seller.”