We lost them in the UK and I'm still mourning and now it looks certain that the US is about to lose the toubled book chain Borders. We only had a Borders superstore for three years in the nearby village of Talbot Green and I spent money in there each and every week, often visiting twice a week but the company pulled out of the UK market a couple of years ago.
The troubled Borders Group, the second-largest bookstore chain in the United States, announced Thursday it’s delaying payments to some publishers as it attempts to restructure its credit lines. The news sent shares tumbling 11 percent.
The Ann Arbor, Mich.-based bookseller reported earlier this month that an inability to secure adequate financing could result in a “liquidity shortfall” in early 2011, meaning the chain would run out of cash to conduct day-to-day business.