According to documents filed in the U.S. Bankruptcy Court, Southern District of New York, stores in Chapel Hill, Raleigh, Cary and Apex will all close as part of Borders' restructuring. The Borders in Greensboro will also close.
Borders' North Raleigh location at 8825 N. Six Forks Road will remain open, as will the stall at Raleigh-Durham International Airport.
Borders announced today that it had secured $505 million in debt financing to help the company satisfy its creditors and continue operations on a reduced scale.
The company noted that, among other initiatives and subject to court approval, Borders plans to undertake a strategic Store Reduction Program to facilitate reorganization and its repositioning. Borders has identified certain underperforming stores — equivalent to approximately 30 percent of the company’s national store network — that are expected to close in the next several weeks.
Borders plans to continue operating its remaining stores—wherever they are—and will maintain its online retail operations. It will continue to honor the Borders Rewards loyalty program, and payroll and benefits will be met, presumably for those who remain.
Here is the bankruptcy filing. borders.10_10614.pdf
And in other news, business continues as usual at your local independent bookstores.
Reynolds Price, the prolific author and longtime professor at Duke University, died this afternoon after suffering a heart attack on Sunday. He was 77.
Price wrote fiction, essays, poetry and nonfiction. He taught the works of John Milton and other topics to several generations of Duke students, dating back to the 1950s. A self-described "outlaw" Christian, in 1992 he attracted attention with a speech that denounced anti-intellectualism in the Duke student body.
Price's greatest success as a fiction writer came with the 1986 novel Kate Vaiden, which won the National Book Critics Circle award.
Here is the Indy's review of his 2009 book, Ardent Spirits: Leaving Home, Coming Back, which was the third volume of his memoirs and explored the period of his 20s that he spent living in Europe.
According to Price's wishes, there will be no public funeral.
The news release from Duke University follows. Duke's news service has posted more information about Price here.
DURHAM, N.C. — Reynolds Price, the celebrated writer of fiction, poetry, memoirs, essays and plays who turned a three-year teaching appointment into more than 50 years on the faculty at Duke University, died Thursday afternoon. He was 77.
Price, the James B. Duke Professor of English at Duke, his alma matter, had a major heart attack early Sunday. “With a poet’s deep appreciation for language, Reynolds Price taught generations of students to understand and love literature,” said Duke President Richard H. Brodhead. “Reynolds was a part of the soul of Duke; he loved this university and always wanted to make it better. We can scarcely imagine Duke without Reynolds Price.”
A native of Macon, N.C., Price graduated summa cum laude from Duke in 1955, where he studied creative writing under influential professor William Blackburn, whose other Duke students included noted authors William Styron ’47 and Anne Tyler ’61. Price was a Rhodes Scholar and studied in Oxford, England, with W.H. Auden and Lord David Cecil. He returned to the United States and took a teaching job at Duke in 1958. The letter offering Price that job warned that the position was a three-year appointment — with no chance of being extended. “That seemed a little discouraging, but I thought, ‘Well, three years is three years,’” Price recalled in a 2008 interview. During those three years he wrote his first novel and was asked to stay on. He remained a Duke faculty member for the next 53 years.
In 1962, his novel “A Long and Happy Life” received the William Faulkner Award for a notable first novel. Price published numerous books after that, including the novel “Kate Vaiden,” which received the National Book Critics Circle Award in 1986.
In his early days as a published writer, Price took offense at reviewers labeling him as the heir to Faulkner. “The search for influences in a novelist's work is doomed to trivial results,” Price wrote in a 1966 piece for The New York Times. “A serious novelist’s work is his effort to make from the chaos of all life, his life, strong though all-but-futile weapons, as beautiful, entire, true but finally helpless as the shield of Achilles itself.” Price became a member of the American Academy of Arts and Letters and received the John Tyler Caldwell Award for the Humanities from the North Carolina Humanities Council.
In 1987, Price received the University Medal for Distinguished Meritorious Service at Duke, the university’s highest honor, and the Distinguished Alumni Award. A professorship in creative writing honoring Price was established at Duke in 2008. He had a commanding presence in the classroom, using his deep, rich voice to convey the beauty of the English language.
For many years, Price taught courses on creative writing and the work of 17th-century English poet John Milton, as well as a course on the gospels in which students wrote their own version of a gospel story. Price’s Halloween reading of ghost stories and poems became a tradition on campus that lasted more than a decade. Price said he experienced two main rewards as a professor: reading and teaching great writing by other people, and getting to know his students, who included Tyler, writer Josephine Humphreys and actress Annabeth Gish.
In a fiery Founders’ Day speech in 1992, Price took aim at what he deemed a lack of intellectualism at Duke, describing students as enthusiastic about partying but marred by a “prevailing cloud of indifference, of frequent hostility, to a thoughtful life,” reported Duke Magazine. Some university officials cited that speech as an impetus for a greater emphasis on recruiting more intellectual students to Duke, according to the magazine article. Price, who considered himself an “outlaw” Christian, wove his faith into his writings. His 2007 book “Letter to a Godchild,” for example, was a christening gift to his godson, intended as a brief guide for the child’s spiritual future. He also published two biblical translations: “A Palpable God” (1978) and “The Three Gospels” (1996).
Price became confined to a wheelchair in 1984 when a cancerous tumor affecting his spinal cord left him paralyzed from the waist down. A 2006 article in The News & Observer of Raleigh, N.C., noted that Price had pondered and accepted the truths articulated in the Book of Job: that God’s ways are often beyond understanding or finding out. “The fact that my legs were subsequently paralyzed by 25 X-ray treatments ... was a mere complexity in the ongoing narrative which God intended me to make of my life," he said. Price’s account of cancer survival is captured in his 2003 book, “A Whole New Life: An Illness and a Healing.”
Price’s third volume of memoir, “Ardent Spirits: Leaving Home, Coming Back,” was published in the spring of 2009. The book explores six crucial years in Price’s life, from leaving home in 1955 to attend Oxford University to his return to North Carolina and the start of his career as a university teacher. According to Price’s wishes, there will be no public funeral. Duke University has not yet announced plans to honor Price.
Anecdote after anecdote exampled Eggers' stance, from changing someone's flat tire to tutoring kids (which is what his San Francisco literacy project, 826 Valencia, has been doing since 2002) to saving lives after Hurricane Katrina. Eggers, who was at Duke to speak about his new book, Zeitoun, invoked the words of one of his heroes, Studs Terkel: "I've always felt," Terkel said, "that there's a deep decency in the American people and a native intelligence—providing they have the facts, providing they have the information."
But really, its strongest claim to being taken seriously was that the author of the screenplay was Horton Foote.
Foote, who died in March 2009, is a big deal this year on Broadway as his Orphans' Home Cycle had a triumphant limited run during the winter, prompting plans for its transfer to Broadway in the fall.
Still, that hasn't been enough to get much attention for Main Street, which appeared at Cannes last week, according to a couple of online sites. Main Street isn't listed on the Cannes website (and if you Google "main street" and "Cannes," you'll get nothing but hits for Stones in Exile, the documentary about the Rolling Stones 1972 album, Exile on Main St.). Instead, the film played at the market at Cannes, where hundreds of producers set up wildcat screenings in hopes of finding distribution for their films.
It's worth looking at the blog post written by one Jordan Overstreet and reposted on an Orlando Bloom fan site. The review recaps the story start to finish. Although there's a bit of a howler right at the top as Overstreet mistakenly writes that Foote based his script on Sinclair Lewis' novel Main Street, what follows is fairly exhaustive, and she seems to be well-versed in film language (like "B-story") and is comfortable criticizing Foote and John Doyle, the film's director, for some of their narrative decisions.
Important takeaways from last night's IgniteRaleigh 2, held Wednesday night in Lincoln Theatre: Raleigh boasts the third-highest concentration of modernist homes behind Los Angeles and Chicago, there is only one female boxer action figure and sexting is beneficial for relationships.
The unique event—and those very random facts—was part of Global Ignite Week, a social media meme turned PowerPoint phenomenon that spans 60 cities on six continents.
Similar to speed dating for the tech set, Raleigh's version featured 19 presenters who each had five minutes and 20 slides that automatically advanced every 20 seconds to present an idea, story or business pitch. As Ignite founders put it: "Enlighten us, but make it quick."
On the heels of Forbes crowning Raleigh with the top spot on its "Most Wired Cities" list (Wow. Tell that to THIS Raleigh. —ed.), more than 600 people flooded their Twitter streams with support, critiques and quotes from presentations, marked with the hashtag marker #igniteraleigh.
Smartphone batteries drained as Nadia Moffett, the reigning Miss North Carolina USA, and WRAL-TV meteorologist Elizabeth Gardner joined lesser known, if equally interesting, community-voted presenters such as health-enthusiast Dan Wilson and self-proclaimed redneck Jay Cuthrell.
Other brave souls touched on zombies, the importance of dumb guys in corporate America, DIY energy audits and 20 little-known facts about sex and pleasure. Some excelled, some bombed and anyone who went over their allotted five minutes was promptly cut off. (Or, in IgniteRaleigh's case, offenders were "rickrolled," a reference to the popular Internet prank involving the 1987 Rick Astley song "Never Gonna Give You Up.")
Local social media champions Kipp Bodnar, Ryan Boyles, Jeff Cohen and Wayne Sutton organized the first IgniteRaleigh in August 2009, which attracted 400 people. Find more information on the event at www.igniteraleigh.com.
Chapel Hill moviegoers can click their heels together Thanksgiving weekend. After all, there's no place like the Varsity Theater. The iconic downtown venue will reopen with the Wizard of Oz, new owners, new prices and a renovated décor.
"We've done a lot of research on what theaters were like in 1927, when the Varsity opened," Susan Shareshian said. "What was the experience for the customer that went there? How can we bring it back to that more intimate feeling without being overwhelmingly in your face?"
UNC students are helping with the historical renovation, including painting, with the opening just three weekends away.
Along with the Judy Garland classic, the Varsity will show The Invention of Lying with Ricky Gervais and Jennifer Garner and The Informant staring Matt Damon, for the opening week.
We'll bring you more in next week's Indy.
From frequent Indy contributor Rebekah L. Cowell:
At the age of 39, Marsha White Warren lost her mother, a loss she calls "devastating."
"I needed something to go too for solace and expression," said Warren. A dedicated reader, she began to write. Her grief, and her chosen outlet for expression, was the catalyst that launched Warren into the literary world.
In a ceremony tonight at Chapel Hill's William and Ida Friday Center for Continuing Education, Warren will accept the John Tyler Caldwell Award for the Humanities for her life of advocacy for the public humanities across North Carolina.
CARTER-FINLEY STADIUM/ RALEIGH—As U2 ended its 18-song set Saturday night at Raleigh's Carter-Finley Stadium, Bono, the band's frontman, dedicated the night's singing to Ariel Dorfman, the Chilean-American novelist and poet who's taught at Duke University for more than two decades. In 1998, Bono, along with playwright Harold Pinter, contributed his voice to Deadline, a fictional film set to two of Dorfman's poems. The evening included a litany of such dedications, including one to the brother of guitarist The Edge and to members of the United States military in attendance. Still, for a band that hasn't played North Carolina in 26 years, the Dorfman nod was the most surprising of them all. A full review of the show will be posted soon.
Each year, thousands of young ballerinas dream of entering The Juilliard School, the pre-eminent conservatory in the United States for professional training in the performing arts. Of those, only hundreds actually work up the resume—and the nerve—to show up for one of nine regional auditions held annually across the country.
The day begins with an advanced ballet and modern dance class—where three-fourths of the applicants are weeded out. The survivors from that round present a two-minute solo they’ve prepared: two whole minutes to show your full range and achievement as a performer. In New York, 22 members of the dance faculty are your audience—not the entire department, perhaps, but a generous representation nonetheless.
They sit and silently watch you perform the work in the video clip here. When you finish, they don’t applaud. Instead, one just says “Thank you,” and you leave.
Should you make that cut, you’re invited back to be taught a section from a piece out of Juilliard’s repertory, to see how quickly you pick up new choreography, how you function in an ensemble rehearsal, and how you respond to corrections. Survive that, and there’s the interview; a cozy one-on-one, with open-ended questions about everything from your source of inspiration as an artist to your views on the greatest challenge facing your generation.
Thousands dream of joining the ranks of famous alumni, including Martha Clarke, Susan Marshall, Ohad Naharin and Paul Taylor; of being taught by a faculty that has included Martha Graham, Anthony Tudor and José Limon.
In the end, only twelve are chosen.
This year, one is coming from Raleigh. Her name is Lea Ved.
Further details after the jump.
The acid-tongued comedian has strep throat, according to her Web site, forcing the cancellation of three shows this week, including her gig Thursday, April 23, at Durham Performing Arts Center.
No confirmation yet from officials at DPAC.
UPDATE 3:59 p.m.: DPAC confirms the cancellation and says the show will be rescheduled.
UPDATE Thursday, April 23: Word comes from DPAC that Griffin's performance has been rescheduled for Friday, October 16, at 8 p.m.