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Tuesday, 24 November 2009

Borders to enter administration or Pre-Pack

Borders the book shop cannot sell you a book tonight. Word on BBC website is a buyer is being lined up by Valco, (Hilco).

Great shame if this business fails but not really surprising. Having been in retail once upon a time, the depth of stock and old stock at that being carried whenever I visit Borders is breathtaking.

Who will buy all those books? Well, obviously some are on sale /return but nevertheless way too much stock.

So will it be sold, pre-packed or closed?

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