Borders Group, the bookseller, is preparing to file for Chapter 11 bankruptcy this week, says The Wall Street Journal.
The WSJ notes that there may be a 50 percent drop in brick and mortar shelf space for books within five years, and a 90 percent drop withint 10 years, according to Mike Shatzkin, chief executive of Idea Logical Co.
Borders sells eReaders from brands including Sony, Kobo and Velocity Micro.
Source: The Wall Street Journal
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