Credit Rates Crisis Squeezes Borders

The comics business news and analysis site has a succinct article up on the problems facing the massive book retailer and trade/manga sales mainstay Border's right now. It sounds like a problem that might have been taken care of by securing some favorable credit is running afoul of the fact that you can't get reasonable credit right now because of the state of the overall North American financial picture. This puts a lot of options on the table, including the sale of the company. Although no one yet seems to think it will get to the point where something catastrophic happens to the second largest bookstore change, anecdotal evidence seems to suggest that a lot of their comics category sales may not be transferable to other locations if they were lost. A change in ownership could of course vastly change elements of sales strategy that could have a great impact on the category. TimesOnline.com has more in general, while this article suggests that there are systemic problems with big bookstores that may be coming home to roost.
 
posted 8:00 am PST | Permalink
 

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