Both Broward Borders Stores to Close Under Bankruptcy Plan
|The Borders store in Plantation|
It's only two stores, but it's a good portion of the local book-selling landscape: Broward has six Barnes & Noble stores and a smattering of independent bookshops. Despite its aggressive push to sell e-readers, Borders has fallen victim to a nationwide trend of rapidly declining paper book sales.
Yesterday, Borders filed for Chapter 11 bankruptcy relief in New York federal court. The chain's president, Mike Edwards, said that the company plans to continue doing business as usual. However, they announced plans to close "underperforming stores," which amounts to about 30 percent of their national network.
Unfortunately for local book-buyers and browsers (feel guilty now?), both stores in Broward County will be shuttered. They're both on Sunrise Boulevard, one backing up on the Intracoastal at the Gateway shopping center and the other in Plantation.
"We're really not discussing the details," said a Borders Group media representative on Thursday. "The judge approved a list [of underperforming stores] this morning."
By the end of April, the company plans to hold liquidation sales at all of its closing stores, so keep an eye out for cheap books (and bookshelves). Other than that, get out your library card or charge up that Kindle, because the printed word has a rough road ahead.
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