News Diamond Comics Distributor Puts Borders Orders on Hold
posted on 2011-01-12 23:36 EST
The ICv2 news site reports that Diamond Book Distributors has placed all orders from troubled bookstore chain Borders on hold. The distributor handles graphic novel distribution for several manga publishers, including Bandai Entertainment, Dark Horse, Digital Manga Publishing, Udon Entertainment, and Yaoi Press.
Another industry website, Publishers Weekly, also reports that the Borders bookstore chain is planning to close its LaVergne, Tennessee warehouse facility, eliminating 310 jobs in the process. A company representative stated that the closure is part of Borders' long-term strategy to lower operating costs, but that it is not related to the chain's delayed payments to publishers. Borders will meet with publishers on Thursday to discuss these missed payments.
ICv2 notes that Borders' financial issues affect manga publishers more than other publishers, due to the large influence that the chain had on manga's popularity surge in the last decade.