webbo

Borders Changes Around Management, Wants an Aggressive Turnaround

Jones did nothing other than cut and sell.
Sold all of Borders international arms, cut staffing, inventory and domestic growth.
Sure it paid down debt but to sustain a company during this phase somehow you have to bring traffic in.

Borders was already in the planning stages of taking their website back from Amazon when he joined and its slow success should not be associated with him.

I never understood his "To be a headquarters for knowledge and entertainment" mission for a bookstore, especially not when his strategy was cutting back.

I think the board should have made this move a lot earlier but with timely appearance of the New Year, its time to start a fresh and not from where Jones left off..