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Borders closing another local bookstore

 IBJ Staff
March 18, 2011
Keywords
Retail, Retailers, Specialty stores
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Borders Group Inc. has added another Indianapolis store to its closure list.

The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.

Also among 28 stores added to the closure list Thursday was the chain’s Fort Wayne store at 4320 Coldwater Road. The store is expected to close by the end of May.

As part of its reorganization, Borders is closing about 30 percent, or more than 200, “underperforming” stores.

In February, the company announced it would close its downtown Indianapolis and Carmel stores. Those stores are now liquidating inventory.

Four other stores in the Indianapolis area have escaped the list: Castleton,  Indianapolis International Airport, Greenwood and Noblesville.
 

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  • River Crossing performed better
    D.M.March 28, 2011 12:24 PM
    Rumor has it Borders in River Crossing was a better performing store than Castleton. However, because it was larger, there was more overhead and that is what led to the decision to close it. It will be missed.
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  • too expensive anyways!
    timMarch 18, 2011 10:22 PM
    Im not an avid book store shopper, but I do go to them now and again. Im not so sure what the fuss is about, because Borders is ALOT more expensive that Barnes and Noble! I cant be the only one to have noticed this can I?!
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  • Unbelievable
    moejoejrMarch 18, 2011 8:36 PM
    I go to that Borders literally every weekend and drop a bundle. Was sad when DT Borders stated to close; this is different. I will never be a borders customer again, after they close my store. They might as well just hang it up and close every store as far as I'm concerned. Will be Barnes and Noble, and Amazon foe me, from now on.
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  • that's it
    line in sandMarch 18, 2011 4:16 PM
    I can't see going into the Castleton traffic mess to casually visit a bookstore. I like to just stop in and browse as a diversion, not as a retail mission, even though I almost always buy something while visitng. Nope, won't go there. Borders, you're saving me gas and money!!
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