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Borders Group, a chain of 674 bookstores, including this one in Glen Mills, Pa., may file for bankruptcy reorganization as early as Monday or Tuesday, according to a report in the Wall Street Journal, Friday, Feb. 11, 2011. (AP Photo/Henny Ray Abrams)
Borders' bankruptcy filing hit home on Wednesday with nearly half of about 30 stores scheduled to close in the city, suburbs and Indiana.
Aside from already closed Chicago stores in Hyde Park and on Michigan Avenue, locations in Uptown, Lincoln Park, Lincoln Village and Beverly, as well as at North Avenue and Halsted Street, will all be shuttered. Only the Loop store will remain open.
In the suburbs, locations in Evanston, Bolingbrook, St. Charles, Crystal Lake, McHenry, DeKalb, Matteson Mount Prospect and Deerfield also are set to close.
Borders said it plans to close about 200 stores in the next few weeks. The 40-year-old company has long struggled to stay out of the red online as online bookstores and eBooks became more popular.