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"Sad day. The bookstore chain we all know (and have loved since 1971) filed for Chapter 11 bankruptcy reorganizaton this morning. It will remain open for business until further notice, but will be closing underperforming stores within the network over the next several weeks, according to an info site set up by Borders. What went wrong? In no small part, our sudden obsession with e-books has contributed to their fall, and that Border outsourced its e-book business to Amazon.com for years didn&amp;#039;t help. Additional contributories, analysts told The Washington Post, include &amp;quot;a costly overseas expansion and an expensive stock buyback program that rewarded shareholders but left the company low on cash as changes in book buying behavior mounted.&amp;quot; According to Albert Greco, senior researching at the Institue for Publishing Research, this &amp;quot;is the biggest bankrupt in the history of book business.&amp;quot; Stay strong, Barnes &amp;amp;amp; Noble. "^^<http://www.w3.org/2001/XMLSchema#string>
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