This was just posted on the website for a local news station.
PORTLAND, Ore. -- If you received a gift card for Borders Books over the holidays, you may want to use it right now.
The company spokespersons still swear everything is fine. However, there are some big red flags that the book chain is moving closer to its final chapter.
Two top executives just resigned, and Borders is now delaying payment to its biggest vendors. Some publishing houses also have stopped shipping books to the company.
(
http://portlandcitycenter.katu.com/c.../borders-brink)