The 40 – year-old company about 200 about 200 of its 642 stores in the next few weeks. All shops are closed superstores, Borders spokeswoman Mary Davis said. The company also operates smaller Waldenbooks and Borders Express stores. Borders Group Inc. .
Tuesday, for bankruptcy, 30 percent of the storesyou information about stocks in this article are mentioned:BGP Manage Your Portfoliobookseller Borders , the pioneer superstores that countless mom-and – pop helped put bookstores out of business, filed for bankruptcy protection Tuesday, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.Surprisingly, it was a the worst hit Wal-Mart is. Of eight quarters in a row of the increased revenue to a halt. Had scarcely the national brands the company went off the shelves will conversion began to fall. During the second quarter of 2009, same-store sales sank from Wal-Mart Stores around 1, followed by a 0.5 percent decline for the third quarter and additional 2 percent drop in the fourth.
CEO Irene Rosenfeld said in the society telephone conference, ‘We saw declines in several of our non – core businesses biscuit links This was a result of weaker News in of the biscuit category in the latter half of the year account of the reduced merchandise with an important customer. ‘.
Well, Wal-Mart started to retreat. Last month, said Wal-Mart Chief Operating Officer Bill Simon: ‘We are a house of marks We favor national marks to sell because that is how for to at prize superior – returned He said that the chains has been. To bring 300 brand product it is had been removed, and a few industry observers expect that retailers are end up back once banished articles to the shelves..