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The Borders Books and Music on Maple Avenue is one of the 40 in the Chicago area slated to close under Border’s bankruptcy restructuring, according to a story today in Crain’s Chicago Business.
Crain’s also reports that the company plans to close “about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, Borders spokeswoman Mary Davis said.
The company also operates smaller Waldenbooks and Borders Express stores.” Crain’s also reported documents filed with the U.S. Bankruptcy Court in New York indicated that clearance sales could begin “as early as this weekend. … Borders said it is losing about $2 million a day at the stores it plans to close.