Wednesday, April 13, 2011

Borders Group Inc. and Bookstores: Status and Effects

Lately, in the business world, we been hearing about the status of Borders. There were ups and downs in sales; closing of stores and centers; people losing jobs; delaying in payments and now a Bankruptcy Counsel is involved. Unfortunately, manga sales has been down, and one well known distributor is not shipping new products to or restocking at Borders. Who knows how many more distributors or publishers will put Borders on hold. Borders has been the place to buy discounted new manga volumes, and I hope it continues to be that for me.

Now things are getting worst. It might close...

Check out the articles below about Borders.
© 2011 Linda Thai

*Added Article

*Borders Gets a Reprieve New Credit Facility Pays off Maturing Loan by ICv2, Published: 04/01/2010 03:20pm

Sales Fall, Losses Increase at Borders Q2 Loss at $51.6 Million ICv2, Published: 09/01/2010 10:42pm

Two retailers laying off about 140 By NashvillePost.com Staff, 11-01-2010 12:59 PM

Borders Closing Customer Care Center In Tennessee ICv2, Published: 11/04/2010 02:13am

Merger of Bookstore Giants Is Pushed By Jeffrey A. Trachtenberg And Gina Chon, The Wall Street Journal, December 7, 2010

Borders Considering Offer for Barnes & Noble Financed by Ackman ICv2, Published: 12/07/2010 12:02am

Borders Loss Doubles Borrowing Limits Cut ICv2, Published: 12/09/2010 04:11pm

Borders Delays Vendor Payments In Liquidity Crisis ICv2, Published: 12/30/2010, Last Updated: 01/03/2011 04:04am

Borders bookstore in Carousel Center mall will be closing in March By Bob Niedt / The Post-Standard, Published: Friday, January 07, 2011, 4:57 PM Updated: Friday, January 07, 2011, 6:10 PM

Borders Woes a Blow to Manga Chain Was Early Champion ICv2, Published: 01/12/2011, Last Updated: 01/13/2011 10:45pm

Diamond Book Puts Borders on Hold Over Payment Problems ICv2, Published: 01/12/2011, Last Updated: 01/14/2011 12:42am

Borders to close LaVergne center in July WKRN-TV Nashville News 2 ABC, Posted: Jan 11, 2011 5:50 PM

Borders Said to Be Close to Securing Refinancing By Julie Bosman, The New York Times, Published: January 13, 2011

Borders to close Brookwood Place location Atlanta Business Chronicle,
Date: Thursday, January 13, 2011, 4:43pm EST - Last Modified: Friday, January 14, 2011, 10:08am EST

Publishers Told to Say Yea or Nay to Borders Deal by Feb. 1 By Julie Bosman and Michael J. De La Merced, The New York Times, January 14, 2011, 5:43 PM

Borders Hires Restructuring Lawyers by By Mike Spector and Jeffrey A. Trachtenberg, The Wall Street Journal, January 15, 2011

What's going on with Borders? by Carolyn Kellogg, Los Angeles Times, January 15, 2011, 12:30 pm

As publishing races into future, Borders falters by Maria Panartis, The Philadelphia Inquirer, First published Jan 15 2011 07:08PM, Updated Jan 15, 2011 07:07PM

Bookseller Borders Cuts 45 Jobs at Its Michigan HQ ABC News, January 17, 2011 (AP)

Borders on the brink: Michigan-based bookseller restructures for the times Ann Arbor-based chain boosts Web service in bid to survive digital era by Jaclyn Trop, The Detroit News, Last Updated: January 17. 2011 1:42PM

Borders lays off 45 at headquarters, distribution centers by Jaclyn Trop, The Detroit News, Last Updated: January 17. 2011 6:32PM

Borders Retains Bankruptcy Counsel And Cuts Employees ICv2, Published: 01/17/2011 12:53am

Borders Sets Deadline for Publishers To Agree to Turn Debt into Loans ICv2, Published: 01/17/2011, Last Updated: 01/18/2011 04:13am

Borders Delays January Payments Financing, with Contingencies ICV2, Published: 01/31/2011 02:20am

Is there hope for small bookstores in a digital age? by Bob Minzesheimer, USA TODAY, February 10, 2011 - it talks a little bit about Borders.

Borders Files for Bankruptcy, Will Close Some Stores by Tiffany Kary and Linda Sandler, Bloomberg, Feb 16, 2011 12:12 PM ET

Borders Files For Bankruptcy, To Close Stores Reuters / The Huffington Post, First Posted: 02/16/11 08:30 AM, Updated: 02/16/11 12:26 PM

Borders files for Chapter 11 bankruptcy Chain to shutter 200 stores nationwide by Christopher Morris, Variety, Posted: Wed., Feb. 16, 2011, 1:03pm PT

Borders' Woes Behind Tokyopop Layoffs Manga Publishers Affected the Most by ICv2, Published: 03/04/2011, Last Updated: 03/07/2011 01:00am

Borders Gets More Time on Leases Hopes to Exit Chapter 11 By September by ICv2, Published: 03/16/2011 12:39pm

Diamond Resumes Shipments to Borders Of Books and Games by ICv2, Published: 03/25/2011 02:46am

U.S. Trustee Objects to Borders's Bonus Plan by Joseph Checkler, The Wall Street Journal, April 8, 2011, 4:01 P.M. ET

*Decision Due on Borders’ Bonuses Tomorrow Feds Object to $8.3 Million Payout by ICv2, Published: 04/13/2011 02:12pm

Borders managers leaving amid bankruptcy by Jaclyn Trop, The Detroit News, Last Updated: April 13. 2011 6:27PM

*Revised Borders Bonuses Approved But Will They Be Paid? by ICv2, Published: 04/25/2011 08:59pm

*Borders Drowning in Sea of Red Ink $299 Million Loss In Most Recent Fiscal Year by ICv2, Published: 05/02/2011, Last Updated: 05/09/2011 09:29am

*UPDATE 1-Borders Group in talks for deal -source by Reuters, Fri May 13, 2011 10:12pm EDT

*Borders Mulls Piecemeal Sale by By Mike Spector and Jeffery A. Trachtenberg, The Wall Street Journal, MAY 13, 2011, 8:05 P.M. ET

*Borders lacks bidder for chain, sources say by Detroit Free Press, May 14, 2011

*Report: Borders has possible bidder on some stores by The Associated Press, Forbes.com, 05.14.11, 05:32 PM EDT

*Borders Might Close If Buyer Is Not Found by ICv2, Published: 05/16/2011, Last Updated: 05/17/2011 03:03am

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