Quote:
Originally Posted by Catlady
Thanks for the link to the list of store closings. I'm pleasantly surprised to find that my local Borders ISN'T on the hit list. It opened only a few years ago in a new mall that has been having major problems, and it never seems to have many shoppers. I thought for sure it would be a goner!
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Sometimes companies' hands are tied by leases with tight terms, so it can be more costly to close a location than not. Under bankruptcy protection, companies can break or sell leases, depending on circumstances and a judge's decision. The current list of Borders closings might be just the start, even in the short term.