Books and music store Borders filed Chapter 11 bankruptcy Wednesday, announcing that it planned to close a third of its stores across the country.
The list of 200 closures includes the chain’s 25,000-square-foot store at 9750 W. Broad St. That location is the retailer’s only Borders in Richmond. Several more stores will close throughout the state.
The stores slated for liquidation, as well as some stores that will remain open, are costing the retail chain $2 million a week in losses, according to the Wall Street Journal.
The WSJ has an extensive round-up about the chain here: Borders Bankruptcy: Everything You Need to Know
Books and music store Borders filed Chapter 11 bankruptcy Wednesday, announcing that it planned to close a third of its stores across the country.
The list of 200 closures includes the chain’s 25,000-square-foot store at 9750 W. Broad St. That location is the retailer’s only Borders in Richmond. Several more stores will close throughout the state.
The stores slated for liquidation, as well as some stores that will remain open, are costing the retail chain $2 million a week in losses, according to the Wall Street Journal.
The WSJ has an extensive round-up about the chain here: Borders Bankruptcy: Everything You Need to Know
To bad. The first time I ever played guitar and sang in front of a crowd was a a Borders open mic night. Will be missed.
Have to admit, I had no idea it was still open.
This is really sad. They take away the ONLY location we have in the entire area. I have to admit going here over B&N because it wasn’t located in the middle of all the madness that is Short Pump now. I read all day on the computer for work so I’m still a fan of an actual book in my hand. Memories of college projects and quiet work sessions will fade with the closing – sorry to see you go Borders, at least a few people will miss you…
I was a fan of this Borders from the day it opened. I did my share of browsing, yes, but I did purchase many books over the years, and journals and periodicals and other items. My library testifies to that.
I’m very sorry to see this loss to our community.
My thoughts are with the wonderful employees who work there.
I believe the Borders in Central Park, Fredericksburg, will remain open. That has often been a stop for me when driving between Richmond and DC. I didn’t normally stop at the one in Garrisonville (Stafford).
I’m usually in there a few times a month, sometimes weekly. Very nice employees, very knowledgeable. I hate to see it close, my fave place to spend money.
OMG why borders is the place where i would go when i was little for story time they had all my anime books when i was like oppressed those type of books still am a lil lol anyway u can’t close i know that store inside out with my eyes closed 🙁 you can’t close what borders will i go to now to get all of my favorite books. this has been a very sad day for me.
which ones are closing????
This is just another example of “creative destruction.” Think about what is happening to record stores (i.e. Tower Records’ collapse a few years ago), movie rentals (Blockbuster), or newspapers. Our world is changing. While it’s sad for the people and instiutions directly involved, it’s ultimately due to new and better innovations.
I don’t understand all the emotional ties to this place. It’s not as if it was a locally owned bookstore in an old, closely knit neighborhood. It’s a national chain smack in the middle of hundreds of other chain restaurants/stores in the concrete jungle of Western Henrico. Look on the bright side, if you order used books online you can get them for dirt cheap, help the environment, and spend more time reading instead of searching for a parking spot. Side note to “not an e reader” I, too spend all day staring at a computer screen and your reasoning… Read more »
This was such a sad loss. My grandmother took me were all the time when I was first learning to read, and its where I discovered my love of reading and writing. I lost count of how many times I went in there, grabbed a few books and read the day away, usually leaving having bought a few more for my own growing collection. I know it was just a chain bookstore, but after all the time spent in there, all the memories attached to it, the closing of Borders, especially this one, hit hard and hit home. It will… Read more »