It’s official:

Borders is closing its 399 remaining stores and 11,000 employees are being laid off. In a statement, Borders Group President Mike Edwards said, “We were all working hard towards a different outcome, but the headwinds we have been facing for quite some time, including the rapidly changing book industry, e-reader revolution, and turbulent economy, have brought us to where we are now.”

More information at AnnArbor.com.

4 replies on “Borders Is Closing”

  1. Oh No! I will miss going to Borders where I live and when I travel to other cities stopping at a Borders store. On some days (winter/spring),it was a safe haven for me after work and a pleasant retreat. I will miss Borders. There were always friendly helpful staff and familair customer faces. Wish all the best and hope Borders returns in some way (besides online).

  2. Hey, zhengqingxia99!

    Could we get your thoughts on the current budget crisis?

    Lemme guess, it involves Genuine Australia Cardy Ugg Boots. Is there anything they can’t do?!!

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