Thursday, March 20, 2008

Not Gloating

We outlasted the store directly across the street from us. We are still here after the Borders in downtown Minneapolis closed earlier this year. Now comes news that the entire Borders chain is likely up for sale (details here and here.). Its stock price has fallen 66 percent since last year, and they've stopped paying dividends on their stock.

Asked whether Barnes and Noble would want to buy the failing number two chain, B&N COO answered with a lukewarm "maybe." (Details here). --David E

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