Posts Tagged with ‘borders-group’

High overhead and falling revenues are causing many traditional businesses to refocus their targeted sales platforms. Another example, the Borders Group is discontinuing its arrangement with Amazon.com for the sale of their books. Borders plans to close half of its Waldenbooks stores and sell off most of its 73 overseas stores.
Borders reportedly lost $73.6 last year compared to a profit of $119.1 million the year before. Borders had developed a strategy of allowing Amazon to sell their wares while maintaining [...]