Borders Group, Inc. is finishing up preparations for the failure filing, according to “people familiar with a matter.” The company’s monetary troubles have been no secret as of late, and those same people informed with such matters contend that the filing could come as early as subsequent Monday, which will be followed by a closure of rounded off 200 of its brick as well as trebuchet stores, as well as plenty of pursuit losses. Borders has struggled with its digital participation, including the lack of e-reader (the Kobo partnership came pretty late in the diversion as well as isn’t unequivocally on the same level as Barnes as well as Noble’s Nook or Amazon’s Kindle), and the failure to snag a significant marketplace share of online sales. The people familiar with a matter caution which a filing could be behind by a few days, however, so we’ll have to lay upon the edges of the seats until someday subsequent week, probably. Hit the source for some-more monetary details.

Via Engadget