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The success of Amazon.com encouraged other retailers, including major book chains, to establish online stores.
Book chains sell space on the tables at the front of their stores.
Sales grew by 8% in 2012, when many book chains saw a drop in revenues.
Other national book chains, like Barnes & Noble and Books-A-Million, could move into stores vacated by Borders.
Leonard S. Riggio has spent nearly his entire career building Barnes & Noble into the biggest name in book chains.
The large book chains are frequently cited in the downfall of stores like the Oscar Wilde Bookshop.
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Fnac, a major French book chain, hosts its annual bestseller awards.
Those reports were gathered into his book, "Chain of Command" (2004).
Amazon founder and chief executive Jeff Bezos was full of praise for the book chain.
"It's been absolutely remarkable," said Fiona Allen, a spokeswoman for the Waterstone's book chain in Britain.
This year's report marked the demise of the Borders book chain and of the Hollywood video stores.
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