- 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.”
Easy Related Posts
Rethinking the Potential of the Underbanked Segment
The expanding underbanked market represents 20 percent of all U.S. households that should not be ...read more
Why do we vilify low-income black women simply for being mothers?
When Debra Harrell allowed her 9-year-old daughter to play in a park unattended on July ...read more
Minority-owned banks can fill crucial void
At Unity National Bank, employees work outside bankers' hours to help build affordable housing or ...read more
For Minority Women in Business, Social Capital Counts as Much as Financial Capital
When Quisha King found a way to attach a favorite teething toy to her infant ...read more