Last Borders Shoppers Wistful, Looking For DealsBorders, an Ann Arbor, Mich.-based chain that pioneered the big-box bookselling concept and grew to 1,249 stores at its peak in 2003, will cease to exist by the end of the day on Sunday. It's a victim of a shift in the industry brought on by customers who'd much rather read their favorite titles on an electronic book or tablet computer than turn the page on a paperback.
Liquidation Begins At All Borders BookstoresGordon Brothers Group, part of a group of liquidators leading the sales, says more than $700 million of the company's inventory, including books, stationery, music and movies will be sold.
Borders Outlines Additional 28 Store ClosingsThe additional closings would bring the remaining store total to about 400.
Borders Files For Ch. 11 Bankruptcy ProtectionThe 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, Borders spokeswoman Mary Davis said.