It remains to be seen whether publishers will accept Borders’ proposed plans for renegotiating credit arrangements by the reported February 1 deadline, but the retailer will get at least some cash from the sale of its seasonal calendar kiosk service, Day By Day Calendars, to competitor Calendar Club LLC. The purchase, under negotiation for some time, closed last Wednesday and was announced to Borders staff on Friday by CEO Mike Edwards. In a telephone interview, Calendar Club CEO Marc Winkelman said the deal has been in the works since the fall, when Borders approached Calendar Club along with other prospective […]
