Borders Delays Payments to Vendors

Borders Group BGP has been reporting losses for years. Its third quarter results showed a sharper loss and is fueling concerns about the bookstore's future, as reported by USAToday. The company is on the defensive. It has sold off 16 stores and other assets to meet debt payments. Now creditors have cut their credit lines, forcing the bookseller to cut back further. The reason given is that Borders' inventory value has fallen. Continue reading the article.