Borders Books & Music, which I have written about in the past, is having problems paying its distributors, according to Galleycat:
GalleyCat has received a copy of a "special alert" sent from a major book distributor specializing in independent publishers to its clients, warning them that Borders, whose financial difficulties are widely recognized, "now tell us that they will not be paying us for two months due to anticipated excessive returns," a situation the company views with understandable concern.
This is not good news for the bookseller, heading into what could be the most dismal retail Christmas in a very long time.
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