This is a shame, but not a big surprise. The Borders at Hamilton Mall was the only large book store near me. Now I would have to drive 40 miles to get to the closest Barnes and Noble, and I wonder whether they will eventually meet the same fate anyway?
http://online.wsj.com/article/SB10001424052702303661904576454353768550280.html
http://online.wsj.com/article/SB10001424052702303661904576454353768550280.html
Borders Group Inc. said it would liquidate after the second-largest U.S. bookstore chain failed to receive any offers to save it.
Borders, which employs about 10,700 people, scrapped a bankruptcy-court auction scheduled for Tuesday amid the dearth of bids. It said it would ask a judge Thursday to approve a sale to liquidators led by Hilco Merchant Resources and Gordon Brothers Group.
The company said liquidation of its remaining 399 stores could start as soon as Friday, and it is expected to go out of business for good by the end of September.