.

Borders Closing Shop, Including Westfield Annapolis Location

News of the corporate liquidation comes months after the major chain announced it was closing other locations as part of bankruptcy protection.

announced Tuesday that it has decided to liquidate the business and shutter its nearly 400 stores nationwide, including the store at Westfield Annapolis mall.

According to reports in The Wall Street Journal, Borders said liquidation of its remaining stores could start as soon as Friday, and it is expected to go out of business for good by the end of September.

An employee at the Westfield Annapolis store confirmed the store is closing. Other than that, there isn't much information on just how that will take place.

He said they were told to expect more information on the fate of the local store by Thursday.

A spokesman for Westfield Annapolis was unavailable for comment.

A woman from Crownsville, who said she was "on a break from work" and didn't want to be identified, said she was saddened to hear the news.

"It was just so nice to have a place to come to and browse," she said. "I'm going to miss that."

Joseph Patrick Bulko, MBA July 20, 2011 at 01:45 PM
In an economy struggling with a 9.2 percent unemployment rate, the closing of Borders just puts us into a deeper hole. To address the ongoing high unemployment problem, I've written a proposal that describes a mechanism through which we can fund a massive number of new business ventures by tapping the financial power of Wall Street to create jobs on Main Street. This approach ramps up employment quickly and puts money directly into the hands of the people who need it now: the consumers (whose spending represents 70 percent of GDP). This enormous financial turbo-boost to the economy will reinvigorate economic activity and quickly return the eight million jobs lost during the Great Recession. The purpose of this mechanism is to take a private-sector proactive approach to address the expected long-term high unemployment problem. You can read the proposal ("A Modest Proposal to Save the American Economy: Entrepreneurial Blitzkrieg as Job Creation Vehicle") and its companion piece ("The 75 Percent Solution? A Moral and Economic Imperative to Create Good Jobs NOW!") here: http://jpbulko.newsvine.com/ Joseph Patrick Bulko, MBA
Jane Clark July 21, 2011 at 10:12 PM
That is a shame that is my favorite store. I have taken my kids to story-time and go there all the time. I will miss it. I do not think I will go to Barne's and Nobel and e-readers are not good for kids books. Another business that I frequent clsoing this month... I hope the recession ends soon...

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something