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Old Feb 17, 2011 | 7:43 pm
  #356  
GUWonder
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Originally Posted by kipper
They may, or they may decide that it's better to take the cash from an all-purpose liquidator and get the labor costs (and any benefit costs) off of their books.
Keep in mind that getting out of retail space leases entered into during more frothy days is way more of a concern than labor-related costs from employees at retail sales locations. [Book stores are a bit player compared to apparel companies when it comes to having expensive retail space.]

Borders was primarily shifting inventory amongst stores/warehouses, returning inventory or liquidating itself at stores that it closed last year or earlier this year (before the filing). The in-store discounting at stores shut down varies by item category, some having greater discounts while others have lower or no discounts -- decisions based on the financial arrangements already entered into and upon how bankruptcy proceedings may impact upon that.

Last edited by GUWonder; Feb 17, 2011 at 7:52 pm
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