TheArmchairCEO

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The story behind Borders Books demise

Let's not overlook the debt they racked up expanding too aggressively. They banked on physical stores being forever relevant and took on massive long-term leases right when the market was shifting. They were bleeding cash with no tourniquet in sight. It might look obvious in hindsight, but damn, that was …
submitted 10 months, 1 week ago by TheArmchairCEO