Monday, February 21, 2011

BANKRUPT BORDERS SHUTTERING TEN TEXAS STORES

DALLAS (Dallas Business Journal) – Borders Group Inc. has filed for Chapter 11 bankruptcy protection as part of its plan to restructure operations.
Borders will close about 200 stores nationwide, a 30 percent net reduction in its stores.
Seven stores in North Texas and three in the Austin area will close within the next few weeks. Those are the only stores of Texas' 28 Borders locations that will close at this time.