Last Friday Borders bookstores began liquidation sales at their remaining 399 retail stores.

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Branches are taking on the looks of Borders bookstores.

FORBES: Money & Investing

The recent demise of the venerable chain Borders is the most recent evidence of the slow death of bookstores.

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Other bookstores, such as Ottakers and the American-owned Borders, have been replicating and stretching the Waterstone's formula with greater success.

ECONOMIST: Waterstone��s

At the same time, there are fewer bookstores in which to sell physical books, highlighted by the liquidation last year of Borders Group Inc.

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