Borders goes bankrupt

2. Mar 2011 Brandi Atkins

Borders-books, files for bankruptcy Lovelac7-

Is no surprise that many companies are in the United States, the deterioration of the economy fell victim to the recession and with the forced file bankruptcy. The latest company to file bankruptcy is the borders Group, Inc., a leading global retailer of books, music and other entertainment, who owns such stocks in the borders and Waldenbooks. Ann Arbor, Michigan based corporation serves approximately 650 stores worldwide, reported revenue of $ 2.8 billion in 2009 and 2010, the Top 100 retailers list, according to the Stores.org. A retail mogul presented in Chapter 11 Bankruptcy 16. February 2011 and be closing many of its stores by April of this year; This decision has been credited to the descending of the economy and the rapidly changing market and entertainment.

The border running activities?

According to the edges, so that they operate business as usual. The company decided to organize itself in Chapter 11 bankruptcy code instead of the please go to the business entirely. Books and other products continue to be purchased, the remaining stores and online. The awards programs, such as borders rewards and Borders Rewards Plus is still intact, your customers can still redeem the prizes and earn. Gift cards and coupons that are yet to be approved, and cannot be redeemed in store or online, and buy borders e-books does not change; Customers continue to use their libraries. Micheal Edwards, President, borders Group, Inc., commented, the reorganization of the press release, saying "we are confident that, with the protection of the environment and the nature of the chapter 11 workers, publishers, suppliers and creditors and with the support of the public reading, the reorganization can be successfully allows the edges as the stronger and more vibrant book seller in the process of acheived.".

What stores are closing the borders?

Borders Group Inc., the closing of 200 stores nationwide effort to organize the company; These shops are located in nearly 40 in California alone. Customers can be informed if the store is in the public sector. All 200 books are expected to occur by the end of the month following the full list of these can be found on the edges of the Reorganization of the shops website.

Book retailer calls on its customers to go to Borders.com online buy or find another store near you, if any one of the Store Locator link. The company plans to maintain a strong national capacity by providing its customers a wide range of books, music, movies and other products.

Copyright Brandi Atkins. Contact the creator of the republication permission.