A2: Borders Group

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The Freep is one of several media outlets to report on the struggles of Ann Arbor-based Borders Group, which reported a 57% drop in profits during its fourth quarter. The article quotes the bookstore chain’s new CEO, Ron Marshall: “The prudent thing is to really plan for the worst. We want to make sure the company has liquidity and staying power to withstand a very difficult time. We have not given up on sales by any stretch of the imagination.” [Source]