Friday, March 11, 2011

Borders Meets with Publishers Over Terms; Conference Call Set

PW: "Ahead of a conference call set for Friday afternoon to give vendors an update on its business plan and restructuring, Borders merchandise executive have been in New York this week negotiating with publishers to resume direct shipments to the embattled chain. At present, Ingram is doing most of the shipping with publishers only shipping on a cash basis. According to sources, Borders is asking for cash in advance terms for a month with more regular terms afterwards."