- Last month, on February 16, Borders Group Inc. the second largest bookstore chain behind Barnes & Noble, filed for Chapter 11 bankruptcy protection and will close 30 percent of its stores nationwide, including its two New Orleans-area locations (uptown and Metairie).
While one bookstore giant has succumbed to the wrath of the recession, smaller local independent bookstores, while not easily, have managed so far to weather the storm- This includes two Black-owned stores: Community Book Center in the Seventh Ward and the Afro-American Book Stop, located in New Orleans East.
The Borders announcement has brought forth mixed feelings from the local independent book selling community.
“The closing of our local Border’s store really is bittersweet to me,” says Afro-American Book Stop owner, Michele Lewis. “I feel for the employees who will lose their jobs in this tough economy.”