Yes, Borders has filed for bankruptcy.
I have seen this coming for months and also their inability to compete with Barnes and Noble for a few years. I remember Borders being the first "big" bookstore I visited. I absolutely loved the setting, big comfy couches and chairs, wow, people were actually sitting, reading and enjoying. The last time I was in Borders it seemed like the coffee shop, toys, stuff was getting equal billing with the books. Sad...
Before I continue, I want to send my heartfelt sadness to the employees who are losing their jobs.
Here is a list of the stores that are closing; Borders Closure List.
On a negative note their bankruptcy means that they will not only be closing stores but they have a long list of publishers that will not be paid. This means that the authors may not receive their royalties from books already purchased or purchased in the future.
Interesting....
M.Rene
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