Borders bookstores to close their doors for good - WMC Action News 5 - Memphis, Tennessee

Borders bookstores to close their doors for good

VIRGINIA (WRC/NBC) - After months of trying to stay in business, Borders bookstores will be closing their doors for good.

The company filed for bankruptcy in February and put 399 stores up for sale, but never received an offer.

"We were all working hard toward 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," Borders group president Mike Edwards said.

Bookworms have been swarming to the stores to snap up the remaining stock.

"I'm pretty upset; they have always been pretty good with deals," customer Rebecca Chisolm said.

Borders said it just can no longer keep up with the competition from online retailers like Amazon and e-readers.

Copyright 2011 WRC via NBC. All rights reserved.

Powered by Frankly