Troubles
By the time of its closure, the 50 Encore Books locations were owned by Lauriat's, a 127-year-old company based in Canton, Massachusetts. Problems were legion in the company's final years. A leveraged buyout, rapid expansion, and difficulty working with publishers due to competition from Borders and Barnes and Noble had forced the company into bankruptcy. Lauriat's had already gone through a round of store closings by the time the closure of the entire chain was announced. In 1999, the company closed the 71 stores that operated under the Lauriat's, Book Corner and Encore names.
Read more about this topic: Encore Books
Famous quotes containing the word troubles:
“Pleasant it is, when over a great sea the winds trouble the waters, to gaze from shore upon another’s great tribulation; not because any man’s troubles are a delectable joy, but because to perceive you are free of them yourself is pleasant.”
—Lucretius (Titus Lucretius Carus)
“The price of telling your troubles is having to listen to advice.”
—Mason Cooley (b. 1927)
“The troubles which have come upon us always seem more serious than those which are only threatening.”
—Titus Livius (Livy)