The new owner of Borders - Luke Johnson, who, as reported yesterday, has just acquired the UK bit of the book chain via his company Risk Capital Partners - has said he sees the stores continuing to sell CDs, but only in the short term. Asked by the Observer whether CD sales would continue, Johnson said: "In the shorter term certainly, because I think there will continue to be a market for a few years. But medium to long term, I suspect not, no. I'm a CD buyer and I like CDs but I'm a bit old-fashioned and types like me are a shrinking majority, I'm afraid".
Sep 25, 2007
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1 min read
All new Borders only planning CD sales in the short term
Luke Johnson, the new owner of Borders UK, says CDs will be sold in the short term but he expects the format to decline in the medium to long term.