As Borders goes through Chapter 11 and begins closing stores, various news outlets have encouraged anyone holding gift cards for the bookseller to spend their money now. Borders is honoring gift cards, but in the past, other companies have stopped accepting them as bankruptcy drags on.
Two of the four Borders stores in Louisville are closing. WFPL checked in with local independent bookseller Carmichael’s for a reaction to the news earlier this week. Manager Kelly Estep says the closures are a blow to book industry as a whole, and while sales at Carmichael’s have been steady, it’s not clear what effect Borders’s bankruptcy may have on smaller shops.
One possible effect, though, is an increase in Borders gift cards being redeemed at Carmichael’s. As Consuming Louisville reports, Carmichael’s has and will continue to accept gift cards from Borders and Barnes and Noble.