Two More Borders Close in Bankruptcy
Posted on May 4, 2011 7:50pm PDT
Two more Indiana Borders stores have reportedly closed while the company is in bankruptcy. According to reports, the stores were added to the list of closing stores as part of the filing for bankruptcy protection. The company reportedly plans on closing about 200 of its 642 stores. The company's annual revenue has reportedly fallen by about $1 billion since 2006.
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