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The Company operates books, music and movie superstores in the United States.
With the latest rounds of delayed payments to vendors and landlords coupled with the reports that they are preparing for bankruptcy filings for next week (6 January 2011 - 13 January 2011), things do not look good for Borders Group (NYSE:BGP). As others have noted, while they to tend to have the best selection in terms of books and "browse-ability" is one of the big pluses that a brick and mortar bookstore offers over Amazon (NYSE:AMZN), that it and of itself is not enough to make a sustainable business model and given that Barnes and Noble (NYSE:BKS) has been aggressively pursing the ebook market as of late, Borders may just prove to be too late to the game to recover. http://www.businessweek.com/news/2011-02-01/borders-group-said-to-prepare-for-bankruptcy-filing.html
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