Borders Files for Chapter 11

Borders Books store in Washington, D.C.
Borders Books store in Washington, D.C.


The inevitable has finally happened: Borders Books filed for Chapter 11 bankruptcy protection today. The nation's second largest bookseller plans to close hundreds of stores and reduce costs in the hopes of emerging a smaller, but intact company.

We've been writing about it for months now, and the causes are many, but simply put, Borders failed to get in front of the shift to digital content.


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