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Bye-bye Borders: bookstore chain to liquidate

Bye-bye Borders: bookstore chain to liquidate

I hate to write an obit for a bookstore (as I did recently for Daedalus), and it's even more painful for an entire chain such as Borders, which announced today that it is headed for a liquidation sale. The chain said it has 399 stores and employs approximately 10,700 employees.

"Following the best efforts of all parties, we are saddened by this development," Borders Group President Mike Edwards said in a prepared statement. "We were all working hard towards 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."

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Borders said that subject to the bankruptcy court's approval, liquidation is expected to start for some stores as soon as July 22, and conclude by the end of September.

I have fond memories of the Towson Borders, which played a big part in helping to revive the town. My kids spent a lot of time there -- before it moved a few miles north, ceding Towson to Barnes & Noble. Even in its new location in Lutherville, the store provided a welcoming spot for readers, and was the place I bought my first (and last) book from Stephenie Meyer's Twilight series. I guess I could go back for the liquidation sale to get some bargains, but those events depress me, so I'm likely to pass.

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Bye-bye, Borders.

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