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Borders Employee Tip - Gift Cards May be Worthless if Borders Goes Bankrupt

submitted on January 15, 2011 by pablos17 in "Member's Lounge"
Borders has struggled to pay publishers and may be facing bankruptcy. As a result, one employee is alleging the bookseller is getting desperate, ordering employees to encourage customers to buy gift cards that could lose all value if the company files Chapter 11.

This tip comes from a reader who is employed at Borders:

“I am a Borders Books employee. I have been employed as a bookseller for 3.5 years. I am extremely concerned by the recent behavior of our corporate officers. The past few years haven't been pleasant for Borders employees. We have lived with constant threats from upper management, pressure to sell various nicknacks, and of course, the infamous "make book" fiasco from 2009. (We were forced to sell specific books to each customer and many, many lost their jobs over this.)

Now, with bankruptcy (possibly) looming, we are being told to focus solely on our new Borders Rewards Plus program. Again, we are living with threats of losing our jobs, having our hours cut,etc.,etc. if we do not sell these memberships. Most of us are not comfortable selling these cards because we are unsure if Borders will be around in 6 months. Management has not said one word to any employee about our financial situation. Whatever the motivation for pushing these cards on customers, it seems unethical."


Read more:
http://consumerist.com/2011/01.....uptcy.html
     

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  • 96557
    webbyone2010
    professor
    1
    Posted by webbyone2010 on January 15, 2011
    [reply] 5 0
    It is very likely that Borders will declare bankruptcy. Use those gift cards now!
  • 96558
    CouponNut
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    Posted by CouponNut on January 15, 2011
    [reply] 2 0
    Although Border's has alot of competition, they need to upscale their sales by offering a new gimmick to keep customer's interested in shopping there.
      96570
    • josetring
      master
      Posted by josetring on January 15, 2011
      [reply] 2 0
      Probably develop a new e-reader or maybe collaborate with amazon or someone else to hav e-books available online. Mr Green

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