Borders Reportedly to Declare Bankruptcy This Week

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Borders Reportedly to Declare Bankruptcy This Week

Feb 14 2011

As early as today or tomorrow, Borders will file for Chapter 11 bankruptcy reorganization, close between 150 and 250 of its 500 superstores and 165 smaller stores and lay off thousands of its 19,500 employees, the Wall Street Journal reported. Shelf Awareness analyzes the companies 20 years of missteps....

Update: Borders filed for Chapter II on 2/16.

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