DETROIT – Borders could become the latest victim of the credit squeeze, announcing Thursday that it may put itself up for sale. Rival Barnes & Noble, meanwhile, saw fourth-quarter profits drop 9 percent as the industry struggles with intense competition from discounters.
Read all about Borders’ woes on Yahoo News.
Wow – i can’t imagine a world without Borders. What would be really cool is if Amazon bought them for the retail locations and set up their equivalents of Apple Stores. Too bad the Kindle is the only Amazon product that would suit a store like this.
OMG – its much more drastic than i imagined i.e. a 39% drop in stock price + use of the phrase ’financing to help it keep running through the year’. Wow!
Shares in Borders tumbled more than 39 percent as the nation’s second-largest bookseller said it was considering options including the sale of the company or certain divisions, and that it had lined up $42.5 million in financing to help it keep running through the year.
Filed under: news Tagged: | border in trouble, end of bookshops
[...] The end of the book world as we know it?By switch11 What would be really cool is if Amazon bought them for the retail locations and set up their equivalents of Apple Stores. Too bad the Kindle is the only Amazon product that would suit a store like this.Amazon Kindle Guide, Kindle Free… – http://ireaderreview.com…]