Monday, February 14, 2011

Borders to close some stores, but hasn’t announced when or where

Book stores are wonderful places to browse for that great novel a friend recommended, get a cup of coffee or sometimes just to chill out with your laptop or listen to a local singer.
But the day for such places is apparently numbered.
Borders Group, the country’s second largest traditional bookstore chain, may file for bankruptcy reorganization as early as Monday or Tuesday, according to a report in the Wall Street Journal.
And it will be shutter some of its stores. WSJ, citing unnamed sources, said about 200 of its 674 stores could close.
I contacted the manager of the Borders store in Central Park, one of two in the Fredericksburg area, and was told to call Borders Group spokeswoman Mary Davis.
She confirmed this afternoon that the company is going to initiate a store closing program, but said it has not indicated where those stores are or when the closings might take place.
“I have no details to share with you today,” she told me. “When we are ready to talk publicly about it, we will do so.”
If the one in Central Park is among those that close, it would be the second store in that section of the big box shopping center to fold. Shoppers Food & Pharmacy closed recently, and its large, plate-glass windows were being boarded up when I drove past there Wednesday.

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