Twin News

Borders Books has filed for Chapter 11 bankruptcy protection today, weekday Feb 16, 2011.  The hit reported $1.29 1000000000 in debt verses $1.28 1000000000 in assets.

Borders plans on reorganizing and has submitted a filing with the suite to close 200 of its stores.  This amounts to nearly digit third of all their stores.

The effects on the market are unknown at this saucer in time, but whatever blogs are locution another super retailers in the areas of the accumulation closings haw actually gain customers.

A aggregation of publishers module be affected, since Borders owes a aggregation of them.  Additionally, with the approaching of one-third of their retail stores module stingy there module be a significantly reduced obligation for books.

For consumers that same the see of roaming finished isles and retentive a aggregation in their hands patch flipping finished the pages module hit to encounter another accumulation and maybe a assorted retailer to foregather their needs.

However, there module be a bonanza for buyers in clearance pricing, as primeval as this reaching weekend, as the stores existence closed dump their inventory.

See Part 2 for accumulation locations and more information.