Borders files for bankruptcy

[Pearl]

Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators.
Borders announced the decision on Monday, saying it was not able to reach a deal for a going-concern sale to salvage its 400 remaining stores and 11,000 jobs.
A liquidation group led by Hilco Merchant Resources will begin liquidations as early as Friday, Borders said in a statement. The bookseller will seek bankruptcy court approval of the closing procedures at a hearing set for Thursday.

Borders Bookstore Will Eliminate 11,000 Jobs, Close 400 Remaining Stores

I have friends who work at a nearby Borders and I can imagine how hard it must be to lose their jobs admist a 9.2% unemployment rate. Would it be unethical of me to buy books in bulk during their closing sales?

 

[kramwest1]

I suppose I can throw out my loyalty card now.

 

[KhanadaRhodes]

wow, how sad. the borders in memphis (there's only been one there ever since i moved there in late 94) has always been pretty busy. but that's what i thought of the one in nashville near the hotel i always stay at, and i discovered in july they closed.

 

[Canadiens1131]