© Mark Bialek

Borders Goes Bankrupt

What went wrong at the bookstore chain?

by Vickie Elmer

posted 4/11/2011

After filing for bankruptcy in February, the Borders Group will meet with creditors this month to outline its plans to reorganize itself and reinvigorate its business. In an email, CEO Mike Edwards told customers that the company wants to reestablish itself as America's "best-in-class bookstore," with author readings, book clubs, a "vast assortment of books" and

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