It is sad to hear from the Borders CEO, Mike Edwards that:
"Borders will be closing its doors after more than 40 years of igniting the love of reading in generations of customers."
After more than three decades of business, Borders Group Inc. filed Chapter 11 bankruptcy and currently seeks approval to liquidate its assets.
It is sad to see Borders to go out of business. But the inability to find a solution to keep them as a going concern have caused the inevitable fate. However the fate of Borders outside US including in Malaysia is still unclear.
They have started their going out of business sale in the US.
The going-out-of-business sale is still on going as of this date (10/8/2011). Base on the trend set by Tower Records, the sale might continue till the discount reaches 70-80%.
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