Mary McCarthy Davis: Hi everyone, This is Mary Davis with Borders. I think I have written to some of you who have contacted the company over the last few weeks.
Just want to provide a clarification to what Justin says above. We are keeping open about 20 stores within our Waldenbooks Specialty Retail chain that were slated to close by the end of January. I think Justin's post may lead many to think that all of the stores that were slated to close are staying open, but again, that is not the case, we will keep open roughly 20.
As I have said to those who have emailed -- and we've posted here on this page -- that we will not be disposing of product as a result of the Waldenbooks store closures. We have hired an outside firm that specializes in clearance sales and we have put procedures in place that will allow us to sell through all product. In the meantime, however, we've put together a group of individuals here at our corporate headquarters to take a look at our product disposal practices overall and see what can be done to benefit communities, while still meeting our business needs. It will take some time to examine this issue, but suffice it to say that your emails and posts here on this page are not at all being ignored. I hope you have a nice holiday. (December 24, 2009 at 11:39am)
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