Borders (chain bookstore) files for bankruptcy, will close some stores, and restructure
Roland00 Send a noteboard - 17/02/2011 06:58:36 PM
Borders files for Chapter 11 bankruptcy protection
ANN ARBOR, Mich.
Borders Group is filing for Chapter 11 bankruptcy reorganization after a long struggle to stay afloat as the book and music businesses changed beneath its feet.
The 40-year-old company plans to close about 30 percent of its stores, or about 200, over the next few weeks.
The company will receive $505 million in so-called debtor-in-possession financing from GE Capital and others to help it reorganize.
Big-box bookstores have struggled as more people buy books online, in electronic form or at grocery stores or discounters such as Walmart.
Currently playing with a rooted/hacked version of the barnes and noble nook color I bought from Barnes and Noble 2 weeks ago, I hope other book stores don't share the same fate
ANN ARBOR, Mich.
Borders Group is filing for Chapter 11 bankruptcy reorganization after a long struggle to stay afloat as the book and music businesses changed beneath its feet.
The 40-year-old company plans to close about 30 percent of its stores, or about 200, over the next few weeks.
The company will receive $505 million in so-called debtor-in-possession financing from GE Capital and others to help it reorganize.
Big-box bookstores have struggled as more people buy books online, in electronic form or at grocery stores or discounters such as Walmart.
Currently playing with a rooted/hacked version of the barnes and noble nook color I bought from Barnes and Noble 2 weeks ago, I hope other book stores don't share the same fate
Borders (chain bookstore) files for bankruptcy, will close some stores, and restructure
- 17/02/2011 06:58:36 PM
888 Views
The only book store I have near me is a Borders.
- 17/02/2011 07:01:25 PM
556 Views
You should move to Edinburgh
- 17/02/2011 09:15:45 PM
569 Views
Uh, no it doesn't.
- 18/02/2011 12:54:43 PM
648 Views
Wales doesn't count. *NM*
- 18/02/2011 12:56:24 PM
303 Views
It's a natural evolution.
- 17/02/2011 07:14:29 PM
594 Views
It's not just bookstores.
- 17/02/2011 08:55:32 PM
555 Views
Most brick-and-mortar stores don't excel in personal customer service.
- 17/02/2011 09:57:07 PM
556 Views
Re: Most brick-and-mortar stores don't excel in personal customer service.
- 18/02/2011 01:38:27 AM
598 Views
Re: Most brick-and-mortar stores don't excel in personal customer service.
- 18/02/2011 02:50:06 AM
550 Views
You are the exception though, at least in terms of the book selection.
- 18/02/2011 02:21:46 PM
651 Views
I am not a fan of chain bookstores
- 17/02/2011 07:43:08 PM
590 Views
I actually prefer the chains.
- 17/02/2011 09:12:05 PM
536 Views
``Consistent experiences'' are the bane of my existence
- 17/02/2011 09:14:24 PM
466 Views
Have you seen Dave Gorman's America Unchained?
- 18/02/2011 11:48:50 AM
579 Views
5 of the 6 Borders stores near me are closing, and, I have to say, I'm not a bit upset.
- 17/02/2011 09:23:01 PM
608 Views
*NM*
B&N tends to have the better selection for my tastes, but I prefer Border's atmosphere. *NM*
- 18/02/2011 02:17:49 PM
433 Views
