Thread: Borders files for bankruptcy
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Old 02-16-2011, 01:39 PM   #35
boswd
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Quote:
Originally Posted by queentess View Post
Circuit City filed for chapter 11 originally. So did Linens n Things. Many (sorry, I can't find a stat) business that file chapter 11 eventually go on to chapter 7. Quite frankly, I don't see Borders being able to pull itself out of the death spiral it's in. It's too late for it to make a comeback, and there's too much against it.

you are probably right, but you never know. Many wrote Kmart's obit prematurely. Hearing similiar song and dance, "No way could they survive with rise of Walmart etc"

, with some closing up some stores that are bleeding money and restructuing you never know.

But I would guess even if the day came all their physical stores closed, they would still go on as an online ebook store.
Last edited by boswd; 02-16-2011 at 01:41 PM.
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