The first day of business began for many in publishing with the news that Borders has decided to delay payment. While Borders has been teetering on financial ruin for many quarters (almost always to be bailed out by its backer, Pershing Capital), such woeful news after the holidays– when sales are considered to be at [...]
Or that seems to be Borders’ solution to its constant financial problems, at least for the time being until the next quarter with lower than expected sales. Really, the problem with Borders is that it lost its identity about eight or so years ago when it decided to become a shadow of Barnes & Noble. [...]
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