Saturday, January 01, 2011

Have Borders Gift Cards? Spend them NOW.

Appears that Borders has admitted they are in deep financial trouble. If you have a Borders gift card, it's a wonderful idea to spend it *now*.

Why does this happen so often? Because of IRS rules, validated by the Supreme Court, without benefit of Congressional approval. which stress the need to turn over inventory that forces booksellers into borrowing money, and make it very difficult for booksellers to hang onto old inventory.

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