For Borders, a scramble to be lean
from The Wall Street Journal
Borders Group Inc. hopes to exit bankruptcy-court protection by summer's end after getting a head-start on its restructuring by targeting 200 superstores for closure, Borders President Mike Edwards said in his first interview since the bookstore chain filed for Chapter 11 protection. Borders is exploring closing as many as 75 additional stores, and hopes to present a formal business plan to publishers and other creditors in early April.
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