Borders Is In Trouble

Borders has made several big miss-steps along the way into the ebook world. Their brick-and-mortar stores have not been doing well, forcing them to lay off workers and shut down stores. This is why I laughed, rolled my eyes, and shrugged off the news of Borders potentially buying out Barnes and Nobles. Yeah right, like that was going to happen.

Now comes word that they are having cash-flow problems. This news comes along with news of their attempt to refinance their debt or find new financing. Some are calling it a death spiral.

Borders has been in financial trouble for a while now. It will be interesting to see if one of the big box stores of books is about to go under. Yikes.

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