Borders bankrupt

4 Stories

Borders Done In by Its Own Stupidity, Not Internet

Other retailers adapted, just not Borders

(Newser) - Video might've killed the radio star, but Borders Books wasn't done in by the Internet, contrary to the claims of its top brass. A better factor in the liquidation— and loss of 10,700 jobs —would be the host of bad strategies Borders' management enacted, writes Annie... More »

Buyer-Less Borders Will Liquidate

Move will put almost 11K employees out of work

(Newser) - There will be no storybook ending for Borders. The 40-year old bookseller could start liquidating its 399 remaining stores as early as Friday. The chain, which helped pioneer the big-box bookseller concept, is seeking court approval to liquidate its stores after it failed to receive any bids that would keep... More »

iPad Kills Jobs: Jesse Jackson Jr.

'Why do you need to go to Borders anymore?' asks congressman

(Newser) - The real culprit behind American unemployment? The iPad, says congressman Jesse Jackson Jr.: It’s “probably responsible for eliminating thousands of American jobs.” Just look at Borders' bankruptcy, he noted on the House floor on Friday: “Why do you need to go to Borders anymore? Why do... More »

Borders on Brink of Bankruptcy

Chain expected to slash up to 200 stores

(Newser) - Struggling bookstore chain Borders may file for bankruptcy protection as early as next week, sources tell Bloomberg . The chain is still looking at its options for restructuring ahead of a bankruptcy filing, and is considering closing up to 200 of its 650 stores, the sources say. The chain, which was... More »

4 Stories