Anyone who didn’t know, or even doubted, the BORDERS bookstore’s pending closure could not avoid the reality this week. Fixtures for sale. Marked down inventory. Empty shelves.
It’s Almost Gone
December 25, 2008 by 1 Comment
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“Borders has been in the midst of a comprehensive turnaround plan for months and [in late November] reported a third quarter net loss of $175.4 million, or $2.90 a share, compared to a loss of $161.1 million a year ago, driven by sluggish traffic and sales and big one-time charges.” (Source)