Borders to Close Remaining Bookstores

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Borders Group announced this afternoon that it would shut down the 40-year-old bookseller, news that is unsurprising, slightly exciting (liquidation sales!), but mostly sad.  

Unable to find a buyer willing to keep it alive, the country's second-largest bookstore chain will liquidate all 399 remaining stores around the nation, including the five in Orange County. Locations will close as early as Friday and as late as September.

"We are saddened by this development," Mike Edwards, president of the Ann Arbor-based company, said in a statement. "We were all working hard toward a different outcome, but the headwinds we have been facing for quite some time, including the rapidly changing book industry, eReader revolution, and turbulent economy, have brought us to where we are now."

In the next few days, prepare to find Borders' nearly 11,000 employees perusing the shelves for books on résumés and cover letters. Sigh.  
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8 comments
Bill T.
Bill T.

When paperbacks started falling apart before I could even get through the first reading I quit buying them. I have paperback editions on my shelves that I have had since high school and college that I have read many times. Victims of their own greed is my take.

Dweezle.Di
Dweezle.Di

Poor poor Corporate America, Imagine the thoughts of the mom & pop stores they put out of business... Next!,,, WALMART!!!

Dammsl
Dammsl

For those of you who will be looking for new jobs beware of would be employers who sends you traveling for interviews (multiple) and end up fruitless.

Guest
Guest

I'm sure Walmart is next. Afterall, the Walton family is only worth over $100 billion. That's with a B, not M.

Dweezle.Di
Dweezle.Di

so? The Waltons individually and and as a group are still morally worthless. they are greedy exploitive pieces of crap.The comment was intended as satire... but it is a beautiful dream.

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