Amazon, Borders, Baker & Taylor Face Challenges

posted on 2009-04-07 00:51 EDT

The Wall Street Journal newspaper reported (via on March 27 that the online retailer is laying off or transfering 210 employees at distribution centers in three states. The Borders Group bookseller announced last week that it lost US$184.7 million during the fiscal year ending on January 31, compared to a US$19.9 million loss the year before. However, newly installed CEO Ron Marshall expressed confidence in his company's future. Baker & Taylor, the self-proclaimed “world's largest distributor of books and entertainment” including manga, is fighting the lowering of its credit rating.

Source: Publishers Weekly, ICv2

discuss this in the forum (12 posts) |
bookmark/share with:

News homepage / archives

Loading next article...