News Tag: Borders UK

November 26, 2009

Borders UK placed into administration

by Kay Murchie
Bookshop chain Borders UK has been placed into administration, according to Reuters. The move is not unexpected after it was reported earlier this week that the 45-store book retailer does not have sufficient cash to see it through to Christmas as it has suffered amid increased competition from supermarkets and online retailers, such as Amazon. The company’s website has not been taking orders ...

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November 23, 2009

WHSmith walks away from Borders deal

by Kay Murchie
WHSmith has abandoned talks with bookshop chain Borders, which is set to see Borders UK enter administration unless a sale is imminent. Borders is understood to not have sufficient cash to see it through to Christmas as it has suffered amid increased competition from supermarkets and online retailers, such as Amazon. As a result, the chain has been in talks with ...

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