Comments on: Will Barnes & Noble buy Borders Books? http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/ Sat, 22 Nov 2008 04:44:14 +0000 http://wordpress.org/?v=2.2.1 By: Borders Books Employees Are Angry! | Used Books Blog http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-4133 Borders Books Employees Are Angry! | Used Books Blog Tue, 08 Jul 2008 17:33:36 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-4133 [...] as it works to turn around its business in a flagging industry. Yet, based on some comments to a previous post, it seems like they’ve pissed off one of their most important assets - people. Here are a few [...] […] as it works to turn around its business in a flagging industry. Yet, based on some comments to a previous post, it seems like they’ve pissed off one of their most important assets - people. Here are a few […]

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By: Dylan James http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-4121 Dylan James Tue, 08 Jul 2008 02:05:29 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-4121 Borders fires there dave Carpenter winner for 2005 because he cares about the customers. now they want to go to St Charles Ave. with no one that knows the city of New orleans. Is getting rid of your long standing employees a good idea? The negitive press is not what the company needs. How long will it be before you can buy Borders stock for one dollar a share? Borders fires there dave Carpenter winner for 2005 because he cares about the customers. now they want to go to St Charles Ave. with no one that knows the city of New orleans. Is getting rid of your long standing employees a good idea? The negitive press is not what the company needs. How long will it be before you can buy Borders stock for one dollar a share?

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By: Kat http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3789 Kat Sat, 28 Jun 2008 22:33:25 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3789 My brother works for Borders and he said that they have just cut out the employee of the month program (probably because there was a $25 gift card given to the recipient). He is currently looking for another job because they have cut his hours so much, everyone on his staff has had their hours cut except the store manager and the assistant who are on salary. I would be surprised if B&N does buy Borders in the shape that it is in now, it would not be a wise investment. Better if they waited and let the dust settle. My brother works for Borders and he said that they have just cut out the employee of the month program (probably because there was a $25 gift card given to the recipient). He is currently looking for another job because they have cut his hours so much, everyone on his staff has had their hours cut except the store manager and the assistant who are on salary. I would be surprised if B&N does buy Borders in the shape that it is in now, it would not be a wise investment. Better if they waited and let the dust settle.

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By: asher http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3583 asher Wed, 11 Jun 2008 21:37:17 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3583 Not only has Borders cut jobs in their corporate office and field positions, but they went through and restructured the management at store level, many supervisors and managers lost their jobs or were demoted - this happened around the time that Borders was working on the deal with Pershing Square. This has effected the morale and the operations of the store, some managers are having to do two jobs for the price of one. I can't even imagine how the corporate office and field was effected by this. The employees that are still there must be wondering if they are next, and must be stressed out due to the extra workloads imposed on them. Just this week managers have been asked to cut back on supply ordering, and necessary repairs are not being completed. If Borders is planning on trying to be its own company, they should have the foresight to make sure that they take care of the properties, their people and their customers - and that is not happening. Not only has Borders cut jobs in their corporate office and field positions, but they went through and restructured the management at store level, many supervisors and managers lost their jobs or were demoted - this happened around the time that Borders was working on the deal with Pershing Square. This has effected the morale and the operations of the store, some managers are having to do two jobs for the price of one. I can’t even imagine how the corporate office and field was effected by this. The employees that are still there must be wondering if they are next, and must be stressed out due to the extra workloads imposed on them.

Just this week managers have been asked to cut back on supply ordering, and necessary repairs are not being completed. If Borders is planning on trying to be its own company, they should have the foresight to make sure that they take care of the properties, their people and their customers - and that is not happening.

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By: Borders Books Sells Australian Stores http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3572 Borders Books Sells Australian Stores Wed, 11 Jun 2008 04:13:51 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3572 [...] I could be reading a lot into nothing. But couple this with the recent corporate job cuts, dwindling employee perks, store employee hour cutbacks and the accelerate... and you get a real sense of urgency that speaks to a pending purchase and not a return to [...] […] I could be reading a lot into nothing. But couple this with the recent corporate job cuts, dwindling employee perks, store employee hour cutbacks and the accelerate… and you get a real sense of urgency that speaks to a pending purchase and not a return to […]

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By: Abbadabba http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3516 Abbadabba Wed, 04 Jun 2008 21:29:06 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3516 Borders has now also asked their stores to return all office PC's but one. Guess they couldn't pay for them. Paperchase is also losing money, and is a big waste of space. Borders has now also asked their stores to return all office PC’s but one. Guess they couldn’t pay for them. Paperchase is also losing money, and is a big waste of space.

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By: Used Books Blog http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3507 Used Books Blog Tue, 03 Jun 2008 22:41:41 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3507 <p>Obi-Don,</p> <p>Thanks for putting this on my radar. Indeed, <a href="http://www.latimes.com/business/la-et-borders4-2008jun04,0,1271582.story" rel="nofollow">Borders did eliminate 274 positions representing 20% of their corporate workforce</a> but only 1% of their total workforce. </p> <p>The latter statistic hides the fact that they've reduced hours for chain employees, as reported by at least two employees. </p> <p>It's interesting that the marketing and sales divisions were seemingly hardest hit. It leads to a lot of speculation and rumor.</p> Obi-Don,

Thanks for putting this on my radar. Indeed, Borders did eliminate 274 positions representing 20% of their corporate workforce but only 1% of their total workforce.

The latter statistic hides the fact that they’ve reduced hours for chain employees, as reported by at least two employees.

It’s interesting that the marketing and sales divisions were seemingly hardest hit. It leads to a lot of speculation and rumor.

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By: Obi-Don http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3506 Obi-Don Tue, 03 Jun 2008 22:24:13 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3506 On June 2nd Borders eliminated 156 corporate positions throughout virtually all departments at their Ann Arbor headquarters and 118 corporate positions outside the headquarters - virtually the entire Field Marketing organization and Corporate Sales division. On June 2nd Borders eliminated 156 corporate positions throughout virtually all departments at their Ann Arbor headquarters and 118 corporate positions outside the headquarters - virtually the entire Field Marketing organization and Corporate Sales division.

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By: Used Books Blog http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3502 Used Books Blog Tue, 03 Jun 2008 14:10:59 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3502 Asher, Thanks for contributing to the news from the "front lines" of Borders Books. This certainly doesn't sound like any fun. The cut in employee hours seems short-sighted but I could see my way to understanding it from a bean-counter perspective. I still wouldn't do it because happy employees breed happy customers. But the sending of product back to vendors for quick credit - essentially raiding the shelves for quick cash - smells of desperation. I agree that they'll likely see these changes effect sales quickly. The 'cuts' will wind up coming from both cost and revenue. Thanks again for the update and insight! Asher,

Thanks for contributing to the news from the “front lines” of Borders Books. This certainly doesn’t sound like any fun. The cut in employee hours seems short-sighted but I could see my way to understanding it from a bean-counter perspective. I still wouldn’t do it because happy employees breed happy customers.

But the sending of product back to vendors for quick credit - essentially raiding the shelves for quick cash - smells of desperation. I agree that they’ll likely see these changes effect sales quickly. The ‘cuts’ will wind up coming from both cost and revenue.

Thanks again for the update and insight!

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By: asher http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3439 asher Wed, 28 May 2008 02:09:27 +0000 http://usedbooksblog.com/blog/will-barnes-noble-buy-borders-books/#comment-3439 I agree with Alex, I am also from the "front lines" and everything he or she says is correct - they have also cut our hours back for part-time and full-time employees by as much as 5-20 hours per employee. Even my supervisor got cut 5 hours last week. We have also been vigorously sending back music and book product to the vendors in order to get quick credit back at the expense of our empty bookshelves and music/DVD units - when the customers come in and ask for that one cd or book that they need for Father's Day we won't have it - guess we'll have to send them to B&N - the morale is really low at my store because of all these cutbacks, unhappy employees do not create sales on the bookfloor - I'm afraid they will see these changes effect sales rather quickly. I agree with Alex, I am also from the “front lines” and everything he or she says is correct - they have also cut our hours back for part-time and full-time employees by as much as 5-20 hours per employee. Even my supervisor got cut 5 hours last week. We have also been vigorously sending back music and book product to the vendors in order to get quick credit back at the expense of our empty bookshelves and music/DVD units - when the customers come in and ask for that one cd or book that they need for Father’s Day we won’t have it - guess we’ll have to send them to B&N - the morale is really low at my store because of all these cutbacks, unhappy employees do not create sales on the bookfloor - I’m afraid they will see these changes effect sales rather quickly.

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