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Borders reprieve might have only been temporary

By adamg on Thu, 07/14/2011 - 9:21pm

The entire chain is now on the brink of liquidation after the collapse of a financing effort, the Wall Street Journal reports.

Neighborhoods: 
Downtown
Topics: 
Business
Free tagging: 
bookstores


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Comments

By Chris Dowd on Thu, 07/14/2011 - 11:59pm.

. . . Washington/School street Borders! You'll be missed.

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By datadyne007 on Fri, 07/15/2011 - 1:05am.

Menino also hinted at the demise while he was calling Vornado more names today.

He added that the "soon-to-be-closed" Borders space would be a great flagship retail store or a multi-level restaurant.

Menino encouraged yesterday’s convention attendees to check out retail space in Downtown Crossing, including the soon-to-be-closing Borders bookstore on School Street.

“It’s a fabulous location to put your business,” he said. “The opportunities are endless. It could be a flagship location for an international retailer or a multi-level restaurant.”

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By anonnona on Fri, 07/15/2011 - 9:19am.

It would be a fabulous location for a multi-level burrito shop.

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By Will LaTulippe on Fri, 07/15/2011 - 3:44am.

Yep, I've used all my gift cards. Good for me.

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By Ron Newman on Mon, 07/18/2011 - 11:47am.

Borders in Last-Ditch Talks

Summary: Nobody placed a bid for Borders by yesterday's deadline, so if an auction proceeds as scheduled tomorrow, Borders will be sold to liquidators. However, Borders is "in discussions with Books-A-Million", a chain headquartered in Birmingham, Alabama, whose stores are now primarily in the South. Who knows whether they would want the Downtown Crossing and CambridgeSide stores.

This has to be sheer torture for Borders' employees, landlords, customers, and creditors.

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By johnmcboston on Thu, 07/21/2011 - 10:06pm.

Letter sent to Rewards members

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