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Post by Darryl L. Pierce on Feb 13, 2011 8:33:59 GMT -5
link to the articleBorders is likely going to file for chapter 11 bankruptcy tomorrow. From the article: The troubled Ann Arbor, Mich., bookseller could file for Chapter 11 bankruptcy-protection as soon as Monday or Tuesday, paving the way for hundreds of store closings and thousands of job losses, said people familiar with the matter.
Borders has abandoned efforts to refinance its debts, and is preparing bankruptcy papers and seeking financing agreements that would keep it operating during the Chapter 11 restructuring process, the people said. Its shares tumbled 33% to 25 cents apiece in 4 p.m. New York Stock Exchange trading after The Wall Street Journal reported its plans. That sucks. I love going to Borders, skimming books and picking up ones that catch my eye. While I do most of my book buying online with Amazon, especially if I know exactly what book I want, there's just no way to browse a shelf of books at Amazon.
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Post by catwoman on Feb 15, 2011 19:34:31 GMT -5
It's always sad when a book store chain goes under.
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Post by Darryl L. Pierce on Feb 16, 2011 7:15:15 GMT -5
It's always sad when a book store chain goes under. I agree. Borders is the only bookstore here where I live, so I'm hoping they don't close this store since it has no competition. It sucks to see brick and mortar stores close up. The Blockbuster near work just closed up. Nobody can compete with the online merchants who don't have the same overhead of a storefront to maintain.
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Post by charlieinthebox on Feb 19, 2011 10:44:09 GMT -5
Hey Darryl,
This is bad news. I hope they pull through. Nothing like browsing, sitting down to some coffee and possibly walking out with a new book!
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Post by Darryl L. Pierce on Feb 19, 2011 18:01:59 GMT -5
Hey Darryl, This is bad news. I hope they pull through. Nothing like browsing, sitting down to some coffee and possibly walking out with a new book! Yeah, that's how I've discovered some of my favorite books. But sadly the Borders here in Apex is closing as a part of this, which sucks. Actually all but two of the Borders in our county are closing.
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blaze
New Member
Posts: 17
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Post by blaze on Feb 25, 2013 9:28:31 GMT -5
Don't think, I'm with you.
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