retail news in context, analysis with attitude

The Wall Street Journal reports that the bankrupt Borders bookstore chain could begin selling itself in parts, that it is in negotiation with an unnamed bidder interested in acquiring roughly half of its 400 remaining units. The company already has closed about 200 stores as it reorganizes.

The story notes that Borders wants to “emerge from bankruptcy protection by summer's end. But the company needs publishers to relax terms under which they ship books to the retailer. So far, publishers have been demanding cash-on-delivery for books shipped to the chain, squeezing Borders. The firm owes the six largest publishers $182 million, according to court papers.”

There is one report that Barnes & Noble wanted to buy 10 stores, Borders’ website and its customer lists ... but that Borders “wasn't keen on the offer.”
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