Borders Files for Bankruptcy

Image by Getty Images via @daylife The mega chain store Borders has filed for Bankruptcy due to a financial lost among many of its stores. The Mega chain book store has been having problems for years with meeting its bottom line. The sales of books are down due to new forms of technology like the kindle book reader, and online retail giant Amazon. Borders has filed for chapter 11 to give the company a chance to regroup, and get the book store back to its original state of being one of the major players in the saleing of information when it comes to books.

Borders Files For Bankruptcy, To Close Stores

NEW YORK (By Phil Wahba) - Borders Group Inc, the second-largest U.S. bookstore chain, filed for bankruptcy protection, after years of sharp sales declines that made it impossible to manage its crushing debt load, and it plans to close ...

Publish Date: 02/16/2011 8:26

http://www.huffingtonpost.com/2011/02/16/borders-files-for-bankruptcy_n_823889.html

Borders files for bankruptcy; 194 stores closing

Borders files for bankruptcy; 194 stores closing, Eight of 13 Arizona locations owned by Borders Group Inc. will be closed by the end of April, the company announced Wednesday as it filed its long-anticipated request for Chapter 11 ...

Publish Date: 02/17/2011 2:00

http://www.azcentral.com/business/articles/2011/02/16/20110216biz-borders-bankruptcy0216.html