17 Feb '11, 12am

Bookstore chain Borders files for bankruptcy; will close about 30% of stores in the US

Borders, the second-largest US bookstore chain, filed for bankruptcy on Wednesday, the latest blow to an industry hard hit by competition from electronic readers and online booksellers. WASHINGTON - BORDERS, the second-largest US bookstore chain, filed for bankruptcy on Wednesday, the latest blow to an industry hard hit by competition from electronic readers and online booksellers. Borders said it planned to close around 30 per cent of its over 640 stores in the United States as part of its Chapter 11 bankruptcy filing, which protects the company from its creditors while it reorganises. 'Borders Group does not have the capital resources it needs to be a viable competitor and which are essential for it to move forward with its business strategy,' Borders president Mike Edwards said in a statement. 'To position Borders to remedy this condition, Borders Group, with the author...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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US book chain Borders files for bankruptcy

US book chain Borders files for bankruptcy

channelnewsasia.com 16 Feb '11, 2pm

WASHINGTON: US bookstore chain Borders announced Wednesday that it has filed for bankruptcy protection from its creditors ...

As Borders files for bankruptcy in the US and n...

straitstimes.com 17 Feb '11, 11pm

Borders, the second-largest US bookstore chain, filed for bankruptcy on Wednesday, the latest blow to an industry hard hit...

Borders USA Bookstore Bankruptcy: Will it affect the Singapore outlets? If you have read theā€¦

Borders USA Bookstore Bankruptcy: Will it affec...

greatdeals.com.sg 21 Feb '11, 8am

Since 2008 RedGroup Retail has been operating Borders stores in Australia, New Zealand and Singapore after acquiring store...

Borders Singapore not closing down operations h...

todayonline.com 15 Feb '11, 3am

SINGAPORE - Borders Singapore is not closing down its operations here. Although The Wall Street Journal has reported that ...

Staff sure Borders is not closing down here

todayonline.com 20 Feb '11, 10pm

SINGAPORE - Go ahead and flip those pages at Borders, for this bookstore is unlikely to close anytime soon. That is the as...

Borders nearing backruptcy filing (via ST iPhone App)

Borders nearing backruptcy filing (via ST iPhon...

straitstimes.com 12 Feb '11, 5am

A company with humble beginnings that helped change the way Americans buy books failed to keep pace with the digital trans...

'Business as usual' at Borders S'pore

straitstimes.com 22 Feb '11, 12am

IT IS officially business as usual for Borders Singapore even though its Australian parent company has gone bust. While de...