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IABILITIES FOR Borders Group, Inc. Case No: 11-10614 UNITED STATES BANKRUPTCY COURT Southern District of New York In re: Borders Group, Inc. Case No. 11-10614 Chapter 11 *SUBJECT TO GLOBAL NOTES AND SPECIFIC NOTES TO THESE SCHEDULES* SUMMARY OF SCHEDULES Indicate as to each schedule whether that schedule is attached and state the number of pages in each. Report the totals from Schedules A, B, C, D, E, F, I, and J in the boxes provided. Add the amounts from Schedules A and B to determine t.

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In 2011, nineteen years after the Borders brothers sold the business and sixteen years after becoming a public company, Borders Group Inc. filed for bankruptcy. All of the stores were closed.

Borders USA closed its remaining stores on Sunday, September 18, 2011.

The demise of the Borders Group was due to a lack of innovation and facing that disruption was coming, which resulted in it being unable to compete with more agile competitors. In the early 2000s, Barnes & Noble began closing stores and reducing personnel as book sales fell.

Internet retailer Amazon.com has sealed a deal with arch-rival Borders to absorb its e-commerce operation and develop closer ties with the high street. Amazon will take over Borders.com, which had hitherto tried to compete against Amazon in the online book-selling arena.

Borders ultimately announced the liquidation of its remaining stores in 2011. The closures marked the end of a major era in the retail book industry. Borders' failure to adapt to the changing landscape of bookselling and digital media contributed to its downfall.

Borders was acquired in 1992 by Kmart, which had acquired mall-based book chain Waldenbooks eight years earlier. Kmart had struggled with the book division, having first tinkered with the assortment and later with discounting.

The bookseller closed its last store in late 2011, and now its outstanding gift cards are finally, officially worthless.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232