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News Wed Feb 16 2011

Borders Goes Bankrupt, Plans More Closures

Borders filed for Chapter 11 bankruptcy today, and announced an additional 200 stores will be closing by April, including several in the city and suburbs:

755 W. North Ave.
2817 N. Clark St.
4718 N. Broadway Ave.
6103 N. Lincoln Ave.
2210 W. 95th St.

161 N. Webber Rd., Bolinbrook
6000 Northwest Hwy., Crystal Lake
49 S. Waukegan Rd., Deerfield
1700 Maple Ave., Evanston
4824 W. 211th St., Matteson
2221 Richmond Rd., McHenry
909 N. Elmhurst Rd., Mt. Prospect
3539 E. Main St., St. Charles

A PDF of all the closing locations is available here.

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Nathan Kontny / February 16, 2011 1:04 PM

That's sad. That area on Clark and Diversey needs some help. With this gone, that whole corner is like a ghost town. Hopefully the Trader Joe's coming can bring some new stuff around there.

What sucks too is how inevitable it seemed. I love Borders stores, and yet my trips there got so infrequent, especially with my Kindle love affair. Still, it was a handy place for gifts.

Chris Greer / February 18, 2011 2:04 PM

The Borders on 53rd street in Hyde Park also has going out of business signs in the window even though it's not on the list.

Patrick Erwin / February 18, 2011 2:05 PM

That's not just an undeperforming store or two....that is EVERY STORE IN THE CITY with the exception of State Street.

And we're actually getting to keep a store. DC is losing all of its stores and so are other cities.

Borders corporate is trying to minimize this but this isn't a snip and tuck...this is major surgery to try and stay alive.

Nathan: Me too - I used to go there way more often, but it was hard to them to compete with Amazon (for books) and iTunes (for music).

I do hope something goes in the Lincoln Park space - it's a nice space and that area could still use a bookseller.

David Schalliol / February 18, 2011 3:13 PM

The Hyde Park location isn't on the list because its closing was announced before the bankruptcy.

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