Borders Closes the Book on 2 Local Stores

Bookseller Borders files for Ch. 11 bankruptcy protection

Wednesday, Feb 16, 2011  |  Updated 8:34 PM PDT
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Borders Closes the Book on 2 Local Stores

The company has filed for bankruptcy protection.

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Two local Borders stores are closing after the company filed for bankruptcy protection Wednesday.

Bookseller Borders plans to close about 200 of its 642 nationwide stores over the next few weeks. Among the casualties are stores on 6th Avenue in the Gaslamp District and Fletcher Parkway in El Cajon, according to a store closure list.

The 40-year-old company helped pioneer superstores that put countless mom-and-pop bookshops out of business.

Borders filed for bankruptcy protection after being crushed by debt and a rapidly changing industry.

Clearance sales could begin as early as this weekend, according to documents filed with the U.S. Bankruptcy Court. Borders plans to operate normally and honor gift cards and its loyalty program as it reorganizes.

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