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Borders to Close Doors, Hold Liquidation Sale

The sale could begin as early as this week.

National bookstore chain Borders announced Monday that it will move forward with the sale of the company to a pair of firms which will liquidate what's left of the Ann Arbor, Michigan-based firm, including in Brentwood.

In a statement released Monday, Borders President Mike Edwards said, "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."

A liquidation sale of all books could start as early as this week.

Ed Wright July 19, 2011 at 04:17 AM
Damn.
Elaine Wagstaff Duree July 19, 2011 at 09:43 PM
So sad, I have loved this book store in my neighborhood. I hope they treat us right by liquidating at great prices, I am willing to drop a large amount if I can get the books I want for pennies.
Patricia Viamontes July 24, 2011 at 05:22 AM
They are already liquidating. I live right down the street from the one in Creve Coeur...a super store...it was wild last night! There were 30 to 40 people in line, buying at only 10 percent off. The only thing 40 percent off were the greeting cards. Some of those have original prices at over $6.99. The cafe was closed down already too. I hope the prices go down again soon. It is just a shame they couldn't make a go of it. My husband had that store built just for Borders. Pat

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