To anyone who has been following this story, its no surprise Borders has filed for Chapter 11 bankruptcy. Theres tons of articles out there.
Theyre hoping to simply reorganize, but that includes closing 30% of their stores, which some articles say will only be the Borders Superstores.
Anyone who wants up to date facts can go here, its a site Borders has put up completely about their Chapter 11 process.
As they are trying to keep open all coupons and gift cards are redeemable, you can still buy gift cards (except at stores that will be closing) and they will continue to email coupons through their membership program.
I can’t yet find a list of stores that will be closing, but those stores and customers are going to be notified. I don’t know if the one by me will close since it is not a superstore, it is in a good shopping location, but it is still a suburb and may not get the volume other stores receive.
I’m also a little annoyed with myself because I forgot to use my 40% off coupon this past weekend, but oh well. I still have 35.06 to use in gift cards.
Update:
You can get a list of closing stores here, just click on Borders Reorg. Store Closure List.
