Tuesday, July 19, 2011

Borders to shut down for good after deal collapses

Borders Group, the 40-year-old retailer that started as a used bookstore in Ann Arbor, decided Monday to liquidate its remaining 399 stores, conceding a battle with competitors, technology and itself.

Started in 1971 by brothers Louis and Tom Borders as an 800-square-foot bookstore, its impending passing adds to a long list of Michigan-based retailers that lost their edge with consumers.


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