Borders Declared Bankruptcy, Now What?

Last week, I posted about the troubles that Borders bookstores were facing.  There were a lot of bad decisions and bad luck that led to their troubles, and the timing of my article was uncanny as they declared bankruptcy just a little more than a week later.

They filed Chapter 11 and as part of their reorganization, announced that they’ll be closing around 200 stores.

Quite honestly, Borders has made such a little impact in my life over the past few days that, when my wife pointed out that the store near us would be staying open, my response was ‘What store?’  There’s a Borders store about a mile and a half from our house, it’s next to the Pet Smart that I visit all the time, yet I completely drew a blank that the store existed.

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