Wednesday, February 16, 2011

Borders files for bankruptcy, will close 200 stores

The bankruptcy list continues to grow, with Borders the latest to fall. The second-biggest U.S. book chain announced it will close 200 stores immediately, with another 75 to follow if concessions aren't won from landlords. Borders listed debt of $1.29 billion and assets of $1.28 billion as of December 25.

The 200 stores closing immediately include the following:

King of Prussia, PA
Reading, PA
Langhorne, PA
Whitehall, PA

From Bloomberg: Borders Files for Bankruptcy, Will Close Some Stores

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