It's official: Borders has filed for bankruptcy today. This downfall has come about due to its inability to keep up with the times and transition toward the online space like its competitor Barnes and Nobles.
The company is planning on closing 200 stores and cutting a lot of its staff. We've given yousavvy tips to prep for Borders going out of business, but it's always hard to digest when the final nail in the coffin is hammered in. I just hope there will be at least one near me that will be spared. Are you surprised to hear news of Borders going bankrupt?