Quote:
Originally Posted by multiweb
Yeah BORDER's got a real bad deal. Their parent company (who bought them only a couple of years ago) did some bad investments and are dropping/cutting them down now to pay it off. All their major outlets closed. I think the only one still going (sort of) is in Bondi until they stop trading. They even sell the furniture and book stools when you walk in their Paramatta shop in Westfields. Shame...
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The administrator's plan was to close all but 9 of the Borders stores - most of them in Melbourne. Last I heard they could not get buyers for those 9 so they are closing them too.
Angus & Robertson have the same problem, but I haven't any details on whether some of them will survive.
Andrew