Borders Facing Major Problems in 2011
We’re not even a week into the new year and already 2011 is not being very nice to Borders. Publishers Weekly is reporting that some publishers have stopped book shipments to stores because Borders Group has suspended some payments. Also, 2 Borders executives, the CIO and General Counsel, have resigned.
None of these are good signs for the book retailer. So why is Borders in this predicament? What, or who, is to blame?
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