Book lovers looking for a tidy discount in France won’t be finding anything of the sort, at least not from Amazon: In accordance with a new law in that country, the e-commerce Goliath has ditched all discounts and is charging a penny for shipping, because it’s not allowed to send books for free. [More]
Now Amazon just seems to be toying with the retail book stores of America. The online behemoth has long been hated by many bricks-and-mortar booksellers for the hugely discounted prices it charges on books and other items traditionally sold in book stores. And then there’s Amazon’s Kindle e-book reader which some stores blame for dropping sales. Now Amazon is getting into one business still dominated by college book stores: textbook rentals.
Stumbling book store chain Borders has said that it would delay payments to landlords and vendors for the 2nd month in a row. In a terse press release, the company said the move was meant to “help the company maintain liquidity while it seeks to complete a refinancing or restructuring of its existing credit facilities and other obligations.” In other words, they’re trying cling to cash and stave off bankruptcy. Borders also announced receiving a $550 million loan from GE Capital. Better keep pushing those loyalty cards to customers that could become worthless pieces of plastic if the company goes belly up, Borders clerks, you’re our only hope! Customers, if you got a Borders gift card for Christmas, now might be a good time to cash it in.
UPDATE: Barnes & Noble refunded Meghan’s money and gave her a $25 gift certificate. The original post follows: