The Wall Street Journal reports that bookseller Borders is giving up on its attempt to restructure under bankruptcy and will liquidate the remainder of its stores, as early as September.

A few years ago I would have thought it would be Barnes & Noble, and not Borders that would be going under. But B&N had the vision (and the willingness to take the risk) to expand into digital and develop the Nook, when much of the industry thought it was too little, too late. It may still be ultimately, but they’ve outlasted a major competitor.

Stagnate and die. Stagnate and die. (via Daring Fireball.)