retail news in context, analysis with attitude

The Wall Street Journal reports that the troubled Borders company - the nation’s second largest bricks-and-mortar bookstore chain, behind the not-quite-as-troubled Barnes & Noble - said last week that “it is delaying payments to some publishers, a sign that its financial troubles are worsening.” The company said “the delays were part of its efforts to refinance its debt and that it had notified the publishers with which it is seeking to restructure payments,” according to the story.

This morning, the fallout began, as one distributor - Rowman & Littlefield Publishing Group - said it would stop shipping books to Borders for the time being.
KC's View:
Just because it is a new year, a company operating an increasingly obsolete business model should not expect things to change.