Borders files for Chapter 11 bankruptcy protection

Borders files for Chapter 11 bankruptcy protection
Borders Group is filing for Chapter 11 bankruptcy reorganization after a long struggle to stay afloat as the book and music businesses changed beneath its feet.

The 40-year-old company plans to close about 30 percent of its stores, or about 200, over the next few weeks.

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List of stores that are closing

Here is a list of the stores that are closing:
http://www.detnews.com/article/20110216/BIZ/110216002/

Map

Not surprised

I know it was a totally seperate business but you should have seen how quickly Borders in the UK went down the pan in 2009.
Everything just gone in what seemed like an instant. The last week or so was a bloodbath.

If you're a Borders employee get your wages asap, or start taking books home as collateral!

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