Borders in bankruptcy, will close about 200 stores nationwide; fate of Lancaster store still unknown

by an Unemployed White Male on February 16, 2011

in Business & Economy,Recession

NEW YORK (CNNMoney) — Borders Group has filed for Chapter 11 bankruptcy, and plans to close about 200 of its stores and reduce its staff, the book retailer said Wednesday.

Lancaster County has one Borders Bookstore in Lancaster, next to the Park City mall. No word yet whether this store will close.

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