Borders, you may have heard, is going to be filing for bankruptcy. They will divest themselves of 200 stores at first (at first), out of their 640-some. I have said that I think this is a strategy meant to allow them to easily shed the worst of their liabilities, and to make the remaining infrastructure more appealing for a buyout. I generally stand by this decision; intuitively, I feel little certainty that anyone in the company is trying to save access to books; though I can hardly fault anyone on a sinking ship for looking for a life preserver before they consider the loss of their boat’s impact on the sugar industry.
What I find interesting about this is that Borders employees have been predicting a collapse like this for years.