Borders Group is closing its remaining 399 stores while liquidating its assets, it was decided after a deal fell through this week. The brick and mortar book store was founded in Michigan in 1971 by brothers Luis and Tom Borders, according to the Detroit Free Press.
President Mike Edwards said the headwinds have been pointing to a closure for a long time, as Borders filed for Chapter 11 bankruptcy in February. He blamed the “turbulent economy” and “the evolution of the e-reader.”
It’s time to hit up the local Borders stores for what will most likely be deeply discounted paper and hardbacks:
21031 Tripleseven Road, Sterling
2100 Dulles Town Circle, Dulles