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After trying and failing to find a new owner, bankrupt book chain Borders has announced that it will liquidate its 399 stores, including six within New York City. The company said markdowns might begin as soon as Friday, with the chain taking a final bow in September.
At the Columbus Circle location yesterday, employees told the West Side Rag that they had only just found out about the liquidation, and that they weren't sure of a specific closing date. A salesperson at the Penn Station store said the same thing, adding that as of today, nothing has been marked down. Borders also has locations on Staten Island, in Atlas Park in Queens, and at JFK and LaGuardia.
· Borders Forced to Liquidate, Close All Stores [WSJ]
· Columbus Circle Borders Closing "As Soon as Friday" [West Side Rag]