Borders bankruptcy comes at a time when the company reports $2 million in losses each day at the stores it plans to close.
As Borders stumbles, dramatic declines are predicted for bricks-and-mortar bookstores.
Faced with stiff competition from online book retailers like Amazon, plus the proliferation of e-books designed for devices like the Amazon Kindle and Apple’s iPad, Borders faces bankruptcy.
If e-books were the new family on the block in 2010, they’re putting down roots and settling in for good in 2011. Here are five reasons why you can be sure that e-books are here to stay.
A Borders bankruptcy could come as early as this month, despite a recent $550 million cash infusion.
For starters, you wouldn't be reading this article.
The stock market today fell by 166 points, with investors worried about shipping through the Suez Canal and the possibility that protests will spread through the Middle East.