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Borders considers sale

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Ann Arbor-based Borders, the nation’s second-largest bookseller, has announced that it may put itself up for sale. Online retailers, including, and discount retail chains such as Wal-Mart have brought unmanageable pressure on the book chain.

“This will be a challenging year for retailers due to continued uncertainty in the economic environment,” said Borders CEO George Jones. “Looking forward to 2008 and beyond, the company determined that additional capital was required.” 

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