Barnes and Noble May Not Benefit from Borders' Bankruptcy

While financial experts originally thought that when Borders Group Inc. filed for Chapter 11 bankruptcy earlier this year their rival Barnes and Noble would stand to benefit. However, their stock price has been all over the board in recent weeks, even falling below $10 this week alone. This figure represents an all time low for Barnes and Noble.

Looking at the current buying trends for books it is easy to see why Barnes and Noble is suffering as well. With the increase in online sales and e-book readers affecting sales overall physical bookstores around the country have been falling. When they have to compete against technologies released by Apple, Walmart and Amazon.com bookstores like Barnes and Noble have to develop new ways to get buyers into their stores.

Are you considering Chapter 11 bankruptcy as an option for your business? If so, contact us to speak with a San Antonio bankruptcy lawyer about your options.