Borders Group

The Borders Group, Inc. was an international book trade company based in Ann Arbor, Michigan.

Before its bankruptcy, the company filed on 16 February 2011 in accordance with Chapter 11, Borders was after Barnes & Noble 's second-largest retailer of books within the United States and had a market share of 13 percent. In addition to books Borders also sold CDs, DVDs and magazines, as well as e - book readers from different manufacturers. Mid-July 2011 had already Borders only 399 of its originally about 650 stores, busy place last around 19,500, only 10,700 workers and had fallen to a market share of less than five percent. The complete liquidation of the company was completed in September 2011.

Borders was founded in 1971 by Tom and Louis Borders in Ann Arbor, Michigan. The company had temporarily stores in England, Australia and Singapore. The division Borders U.K. however, had broken away from the parent company in 2007, had on 26 November 2009 Register insolvency and had to December 24, 2009 closed all stores. In the online business Borders had temporarily worked closely with Amazon.com; since the liquidation forwards the site borders.com on the sides of the bookstore chain Barnes & Noble on.

The company has recently been greatly struck by his debt-financed expansion policy and had to contend with a significant decline in sales, which it attributed in part to the rising popularity of e-books. In the third quarter of 2010, the company had implemented only 470.9 million U.S. dollars, generated a loss of $ 74.4 million.