Oak Park Borders avoids closure

But Michigan-based chain plans to close shutter 15 stores in Chicago area

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By Marty Stempniak

Staff Reporter

The local Borders bookstore at Harlem and Lake is avoiding the axe and remaining open, but 15 other Chicago-area locations won't be as lucky.

The Ann Arbor, Michigan-based chain filed for Chapter 11 bankruptcy Wednesday. They've reportedly struggled with declining profits and management turnover in recent years, and stopped paying their bills in December.

Closures will include the Borders stores in Evanston, Norridge and five in Chicago.

Altogether, Borders is shutting 200 of its 642 stores worldwide. About 174 employees will lose their job at the Chicago stores, while 292 will be affected in the suburbs, a Borders spokeswoman told the Sun-Times.

CONTACT: mstempniak@wjinc.com

Reader Comments

3 Comments - Add Your Comment

Comment Policy

natalie from forest park  

Posted: July 22nd, 2011 7:47 AM

Unfortunately all Borders are closing, including Oak Park. Going out of Businness sale begins today with up to 40%.

A Neighbor  

Posted: February 20th, 2011 11:30 AM

I'm glad Borders is here.

Tom Scharre  

Posted: February 17th, 2011 4:31 PM

Thank you, Lord.

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