Latest topics
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» UF2 Members Chat Thread: Part 3
Mon Jan 19, 2015 4:01 pm by member

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Mon Oct 06, 2014 6:33 am by 

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
September 2016
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
252627282930 

Calendar Calendar


Borders Files Chapter 11 Bankruptcy

View previous topic View next topic Go down

Borders Files Chapter 11 Bankruptcy

Post by Jobless_in_Ma on Thu Feb 17, 2011 12:39 am

http://www.huffingtonpost.com/2011/02/16/borders-files-for-bankruptcy_n_823889.html

Jobless_in_Ma
Administrator
Administrator

Posts : 2348
Join date : 2011-02-16
Age : 42
Location : Ma

http://www.unemployed-friends2.org

Back to top Go down

Re: Borders Files Chapter 11 Bankruptcy

Post by Tara on Thu Feb 17, 2011 1:40 am

I heard about this earlier. Seems like no businesses are immune from this economy.

Tara
Member

Posts : 4
Join date : 2011-02-17

Back to top Go down

Re: Borders Files Chapter 11 Bankruptcy

Post by Guest on Thu Feb 17, 2011 1:46 am

Better use those Borders gifts cards pretty quick before its too late

Guest
Guest


Back to top Go down

Re: Borders Files Chapter 11 Bankruptcy

Post by Guest on Sun Feb 20, 2011 3:36 am

The problem is that they were too late in changing their business model With online sales in the eBooks business and eliminating their inventories of translated Japanese manga, DVD's and music ... I think it hurt a big portion of their sales. Even though they reported that they weren't making that much from the sales of music and DVD's, I think it hurt the company when they opted to eliminate inventories in the departments.

The bankruptcy judge approved its Chapter 11 Reorganization and they are going to be closing some 200 stores. The company will receive some financial assistance to continue operating so they're not actually going out of business, just closing those stores that are under-performing.

Matter of fact, of the stores that are closing, it's rumored that they will be having a firesale for those stores just to clear out the inventory at those stores. For a list of the stores that are closing, check out the following link:

Article Source: http://www.longislandpress.com/2011/02/16/borders-bankruptcy-list-of-borders-stores-closing/
Store Closings: http://www.scribd.com/doc/48960742/Borders-Closures

Guest
Guest


Back to top Go down

Re: Borders Files Chapter 11 Bankruptcy

Post by Sponsored content Today at 5:59 am


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum