Monday, November 22, 2010

Ann Arbor-based Borders confirms 17 book store closings across U.S.

Borders, the troubled Ann Arbor-based book store chain, confirmed Friday that it will close 17 under-performing superstores nationwide, according to a report in the Detroit Free Press.

The only Michigan store on the list is on Orchard Lake Road in Farmington Hills, a Borders spokesperson told the Detroit Free Press.

Multiple other media reports from other markets indicate that superstore closings include: Santa Barbara, Calif.; Nassau Park, NJ; downtown Portland, Ore.; Marlton, NJ.

The company announced this month that it launched a redesigned website in a concerted effort to boost its online sales as the critical holiday season dawns.

Sales at Borders continue to fall, with the company posting a net loss of $46.7 million at the end of the second quarter.

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